Bitcoin’s $64K rebound has 3 days before its next big challenge threatens to derail momentum
July 14 will show whether one day of ETF inflows can outlast firm yields and restrained leverage. The post Bitcoin’s $64K rebound has 3 days before its next big challenge threatens to derail momentum appeared first on CryptoSlate....
Key takeaways
- 1Bitcoin traded near $64,100 with 2.6% weekly gains; US CPI report on July 14 will be the next major macro catalyst.
- 2Federal Reserve futures show 64.6% probability of holding rates at 3.50%-3.75% on July 29 and 35.4% chance of a quarter-point hike.
- 3US spot Bitcoin ETFs received only $90.4 million on July 10 after losing $180.2 million over prior two sessions, showing fragile support.
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Why it matters
Bitcoin's rebound is contingent on the July 14 CPI data, which will influence Fed rate expectations and Treasury yields—key drivers of crypto demand for Indian investors watching macro-linked price movements. Weak ETF inflows suggest institutional conviction remains low, making the inflation report critical for determining whether this rally sustains or reverses.
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