🚨 $BITCOIN STALLS NEAR $63.5K AFTER CPI — FED NOW IN FOCUS
$BTC slipped toward $63,500 after the latest U.S. inflation data largely matched expectations, giving markets some relief on inflation but failing to trigger a strong BTC rally.
🇺🇸 July CPI: +3.4% YoY
📊 Core CPI: +2.5% YoY
📅 Monthly CPI: +0.1%
📅 Monthly Core CPI: +0.2%
The numbers show inflation is cooling gradually, but it remains above the Federal Reserve’s 2% target.
For Bitcoin, the reaction has been relatively muted. BTC remains inside a broader $62K–$66K range, with traders waiting for a stronger macro catalyst before committing to a decisive move.
🔎 What Comes Next?
Attention now shifts toward Fed policy signals and upcoming U.S. economic data.
• Jackson Hole Symposium: Aug. 27–29
• August Employment Report: Sept. 4
• August CPI: Sept. 11
Bottom line: The CPI report removed some inflationary pressure, but it did not provide Bitcoin with a clear bullish catalyst. Until the Fed outlook becomes clearer, BTC could remain highly sensitive to economic data and interest-rate expectations.
🔥 The key question now: Can Bitcoin reclaim $65K, or will sellers force another test of $63K support?
#LatestNews🔥 #BitcoinUpdate
$BTC slipped toward $63,500 after the latest U.S. inflation data largely matched expectations, giving markets some relief on inflation but failing to trigger a strong BTC rally.
🇺🇸 July CPI: +3.4% YoY
📊 Core CPI: +2.5% YoY
📅 Monthly CPI: +0.1%
📅 Monthly Core CPI: +0.2%
The numbers show inflation is cooling gradually, but it remains above the Federal Reserve’s 2% target.
For Bitcoin, the reaction has been relatively muted. BTC remains inside a broader $62K–$66K range, with traders waiting for a stronger macro catalyst before committing to a decisive move.
🔎 What Comes Next?
Attention now shifts toward Fed policy signals and upcoming U.S. economic data.
• Jackson Hole Symposium: Aug. 27–29
• August Employment Report: Sept. 4
• August CPI: Sept. 11
Bottom line: The CPI report removed some inflationary pressure, but it did not provide Bitcoin with a clear bullish catalyst. Until the Fed outlook becomes clearer, BTC could remain highly sensitive to economic data and interest-rate expectations.
🔥 The key question now: Can Bitcoin reclaim $65K, or will sellers force another test of $63K support?
#LatestNews🔥 #BitcoinUpdate