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Bitcoin tops $64,000 as cooling U.S. inflation guts the Fed rate-hike trade
Published Source: CoinDeskRead original
Crypto Insight Summary: Crypto Insight Summary: The June CPI print pulled hike odds from 43% to 13%, with analysts now watching the September FOMC meeting for further cues on positioning. Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Lower inflation reduces rate hike pressure, boosting BTC's appeal as a hedge. Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Cooling inflation reduces rate hike pressure, boosting BTC's appeal as a hedge.