Crypto news: Bitcoin’s price is approaching $65,000, as rate-hike bets have been hit by cooling U.S. inflation. June CPI data shows the probability of a rate hike has fallen from 43% to 13%. Analysts are now watching the September FOMC meeting to get further clues on market positioning.

BTC3.24%
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DeathCrossWatcher
· 4h ago
$65,000 is a pretty delicate spot—when the inflation data is good, risk assets all go wild, but if the Fed keeps its hard-line stance, it can still slap them down.
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RugProofMood
· 4h ago
The market is basically waiting for September, and the rate-cut expectations have been front-running too aggressively—watch out for the FOMC to do expectation management and counterattack.
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AprWhisperer
· 4h ago
CPI cooling directly shatters expectations of more rate hikes. Jumping from 43% to 13% is a bit too wild—by the September FOMC, it’s likely to turn into a rate-cut narrative as the main storyline.
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