With geopolitical tensions and inflation data hitting from both sides, BTC bottoms around 62,500, waiting for the CPI to be announced.

Crypto news: After the Bitcoin price fell below $62,000 over the weekend, it has stabilized at around $62,500, and the current trading price is about $62,504. Due to intensifying tensions between the United States and Iran and rising oil prices, analysts are staying cautious ahead of the release of U.S. inflation data. Brent crude oil prices have broken above $85 per barrel after President Trump announced the resumption of a naval blockade against Iran. The June U.S. CPI report is scheduled to be released at 8:30 a.m. Eastern Time, after which Federal Reserve Chair Kevin Waush will testify before the House Financial Services Committee at 10:00 a.m. Analysts say that if the CPI data triggers enough volatility and pushes prices toward the $63,500 area, it could lead to a market reaction.