Bitcoin News
By Sydney TheCMO
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What the Inflation Numbers Actually Said. Core CPI, which strips out food and energy, held flat on the month and came in at a 2.
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Bitcoin's Key Levels and Derivatives Risk. Bitcoin entered the CPI release with solid momentum, and the print added to it.
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The Fed Isn't Pivoting Yet. It's worth being clear about what this CPI report did and didn't do.
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Bitcoin caught a sharp bid Wednesday after the June Consumer Price Index came in way below expectations — a 0.
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The read-through was fast. Softer inflation broadly signals less pressure on the Federal Reserve to keep tightening, and risk assets — Bitcoin included — tend to move quickly…
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Core CPI, which strips out food and energy, held flat on the month and came in at a 2.6% annual rate — slightly below the 2.9% forecast.
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And that's the catch. The Fed isn't done.
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Markets still expect the central bank to hold rates steady at the July meeting — no surprise there.
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Thomas Perfumo, Kraken's chief economist, put it plainly: while inflationary pressures seem to be easing, confirming the trend over the coming months will be pivotal for policy…
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Bitcoin entered the CPI release with solid momentum, and the print added to it. But traders are watching specific numbers closely. Immediate resistance sits around $64,000.
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More context: Bitcoin Drops 3% as CPI Data, Fed Testimony, and Hormuz Blockade Converge
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The derivatives market is where things get complicated. Positioning can flip fast when macro expectations shift, and analysts flagged that risk heading into the print.
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Ethereum is in a similar spot. After a selloff in June, traders are watching resistance near $1,800 as the level that matters for gauging whether altcoins can build on any…
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It's worth being clear about what this CPI report did and didn't do. It didn't change the Fed's near-term plan. The July hold was already priced in.
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The Fed's focus on core inflation and services data is the part that matters for the medium term. Energy prices are volatile. They drop hard, then bounce.
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