Bitcoin Brace for US CPI Report as Fed Rate Fears Grow
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Bitcoin traders are focused on the July 14 US inflation report, which BIT says could determine BTC's next move as markets price in 2.6 Fed rate hikes over the coming quarters. BTC has steadied after recent volatility, leaving macroeconomic signals to dominate short-term price direction across crypto markets.
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Bitcoin (BTC) traders are watching the July 14 US inflation report, with analysts at crypto trading firm BIT saying it could determine the cryptocurrency’s next move as markets price in 2.6 Fed rate hikes over the coming quarters.
The inflation data is also coming at a time when BTC has steadied after recent volatility, leaving macroeconomic signals in greater control of short-term price direction.
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