Crypto news outlet CoinWorld reports that Bitcoin’s price rose after U.S. annual inflation fell to 3.5%, nearing $64,000. June’s Consumer Price Index (CPI) fell 0.4%, and the year-over-year inflation rate dropped from 4.2% to 3.5%, below economists’ expectations of 3.8%. The data drove a brief rebound in financial markets: Bitcoin traded near $62,600 before the release, then quickly climbed to $63,400. Despite encouraging inflation figures, the market still faces uncertainties stemming from Federal Reserve policy, oil prices, ETF inflows, and tensions between the U.S. and Iran. Analysts noted that the CPI data on July 14 may affect Bitcoin’s short-term trend.