Inflation in the U.S. and Bitcoin consolidation
The cryptocurrency market is in a phase of strategic caution. Despite the latest Consumer Price Index (CPI) data in the United States showing a moderation in inflation—raising to more than 60% the probability of a pause in interest rates by the Federal Reserve (Fed)—Bitcoin (BTC) remains stuck in the $63,000 to $64,000 range.
Unlike traditional safe-haven assets such as gold, the crypto sector has not managed to capitalize on the expectation of increased macroeconomic liquidity. This lack of bullish momentum is mainly due to three factors:
Geopolitical tensions: International uncertainty has led institutional capital to prioritize traditional, lower-risk assets over digital ones.
Lower liquidity in stablecoins: A slowdown in the issuance and flow of Tether (USDT) has reduced the capital available on exchanges for aggressive spot-market purchases.
Selling pressure: Ongoing sales by miners and short-term holders have neutralized much of the capital inflows into Bitcoin ETFs.
With the global capitalization of the crypto market consolidated at $2.17 trillion, Bitcoin’s price is caught between a key support at $60,000 and an immediate resistance at $65,500.
The Fed simply standing still will not be enough to restart the bullish cycle. The market will need new macroeconomic catalysts or a substantial increase in stablecoin liquidity to break out of the current sideways phase.
#Bitcoin❗ $BTC
The cryptocurrency market is in a phase of strategic caution. Despite the latest Consumer Price Index (CPI) data in the United States showing a moderation in inflation—raising to more than 60% the probability of a pause in interest rates by the Federal Reserve (Fed)—Bitcoin (BTC) remains stuck in the $63,000 to $64,000 range.
Unlike traditional safe-haven assets such as gold, the crypto sector has not managed to capitalize on the expectation of increased macroeconomic liquidity. This lack of bullish momentum is mainly due to three factors:
Geopolitical tensions: International uncertainty has led institutional capital to prioritize traditional, lower-risk assets over digital ones.
Lower liquidity in stablecoins: A slowdown in the issuance and flow of Tether (USDT) has reduced the capital available on exchanges for aggressive spot-market purchases.
Selling pressure: Ongoing sales by miners and short-term holders have neutralized much of the capital inflows into Bitcoin ETFs.
With the global capitalization of the crypto market consolidated at $2.17 trillion, Bitcoin’s price is caught between a key support at $60,000 and an immediate resistance at $65,500.
The Fed simply standing still will not be enough to restart the bullish cycle. The market will need new macroeconomic catalysts or a substantial increase in stablecoin liquidity to break out of the current sideways phase.
#Bitcoin❗ $BTC
