Post by Augustine Chiagozie (@pabloexchange)

₿ Bitcoin taps $64,832 as soft CPI kills July Fed hike odds

BTC surged as high as $64,832 on July 14 — up ~4% from its intraday low — after US CPI came in softer than expected, cooling expectations of another near-term Federal Reserve rate hike. The move brought Bitcoin within $200 of the $65,000 level.

Macro relief trades have been a recurring BTC catalyst this cycle, but the title says it plainly: the inflation relief may already be fading. Traders will be watching whether BTC can hold gains if rate-cut optimism gets repriced again.

₿ Bitcoin taps $64,832 as soft CPI kills July Fed hike odds BTC surged as high as $64,832 on July 1...

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