US CPI comes in below expectations, Bitcoin rebounds to $64,000, and the market re-prices the rate-cut window



US June CPI year-over-year fell to 3.5%, the lowest level since April 2020, with the data coming in below market expectations. On the back of cooling inflation, rate-cut expectations for the Federal Reserve heated up again; Bitcoin saw a short-term rebound and broke above the $64,000 level.

With inflation data continuing to trend downward, it gives the Fed more room for subsequent rate cuts. The market’s current focus has shifted from “whether to cut rates” to “when to cut and how many times.” If expectations for rate cuts are further strengthened, the US dollar and US Treasury yields could come under pressure, and risk assets—including crypto—may see more inflows.

From the order book perspective, Bitcoin rebounded sharply after the data release, suggesting the market is highly sensitive to changes in the timing of rate cuts. If inflation keeps falling further, the crypto market could see a stronger liquidity-repair rally.

#比特币 #CPI #美联储 #降息预期 #加密资产 $BTC
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AirdropArchaeologist
· 2h ago
The CPI has come down, and rate-cut expectations are picking up again—BTC’s reaction speed is impressive.
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RoyaltyGuard
· 2h ago
Inflation data at a three-year low—could a liquidity-recovery rally be coming? Don’t FOMO just yet; wait for Powell’s speech
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Wanqiantang
· 2h ago
Institutional capital has a major positive catalyst (direct buy pressure supports)
1. U.S. spot BTC/ETH ETF sees continued large net inflows
Yesterday, crypto ETFs across the whole market posted a total net inflow of $239 million. Bitcoin ETFs accounted for $181 million, ending the prior streak of eight consecutive weeks of outflows. BlackRock’s IBIT remains at the top of the net inflow ranking. Institutions are continuing to step in and accumulate in batches at current prices, providing bottom support for the coin price.
2. BlackRock CEO publicly bullish on Bitcoin
Today, BlackRock CEO Fink, in an interview with CNBC, clearly stated that Bitcoin’s market leverage risk has been cleared, the market structure has matured, and it has become a target for global major asset allocation. He is bullish on the outlook for the next 12 months. The endorsement from the head of the world’s largest asset manager greatly boosts Wall Street institutions’ confidence in entering the market, strengthening the BTC “digital gold” narrative.
3. Large whales keep accumulating coins
On-chain data shows that large holding addresses continue to buy up spot BTC. High-level coins are constantly rotating and moving upward, lifting the market’s holding cost base, while sell pressure is gradually being absorbed. $BTC ‌#PreIPOs second round OpenAI subscription
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WoolCollector
· 4h ago
Can this spot hold steady at 64,000? It feels like it still depends on the Fed’s talk.
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