Bitcoin faces a Waller warning, with U.S. inflation tests drawing near

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Crypto news from Biquan.com: Bitcoin is entering a high-risk week, as a new round of inflation data and renewed concerns about Federal Reserve rate hikes intensify pressure on the crypto market. Federal Reserve Governor Christopher Waller warned that if inflation remains above the 2% target, the Fed may consider further rate increases, urging investors to stay alert ahead of the release of this week’s key economic data. Traders are preparing for the June Consumer Price Index (CPI) report, expected to be released on July 14, followed by the Producer Price Index (PPI) data on July 15. Bitcoin has already responded to macro uncertainty: its price has fallen from about $64,500 to below $62,000, and tensions between Iran and the United States add risk to global financial markets. Wall Street economists expect the June CPI report to show that monthly inflation will drop from 0.5% in May to 0.2%. Inflation data may influence expectations for future Fed policy; if consumer prices rise faster than expected, the market could strengthen bets that the Fed will keep interest rates high. As the inflation report, expectations for Fed policy, geopolitical tensions, and crypto legislation converge within the next few days, investors are preparing for another volatile trading week.
BTC3.24%
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GateUser-7e77b8d8
· 6h ago
65k to 62k is just the beginning. When the July 14 data is released, the direction will become clear—don’t make any impulsive moves for now.
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NeonVortexInTheSmog
· 7h ago
This week is data-heavy—CPI and PPI are coming back-to-back, so the position size needs to be tightened.
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LittleBearWatchingTheMarket
· 7h ago
If inflation comes in hotter than expected again and rate-hike expectations have to surge too, I really have to admire the volatility in crypto this time.
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FomoLibrarian
· 7h ago
Voler throwing out hawks + a Middle East powder keg—whether it can hold up 62K is really hard to say; it’s best to wait and see for now.
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