TechFlow news, July 16, according to CoinDesk, Bitcoin rose about 3.6% on Wednesday to nearly $64,800, as the U.S. June Consumer Price Index (CPI) showed inflation cooled more than expected, and market expectations for near-term Federal Reserve rate hikes cooled significantly.
Data shows June headline inflation fell to 3.5%, core inflation fell to 2.6%, the probability of a Federal Reserve rate hike in July plummeted from 43% to 13%, and the 2-year U.S. Treasury yield fell 6 basis points. CoinEx analyst Jeff Ko stated that Bitcoin remains a risk asset sensitive to interest rates, and the September FOMC meeting will be the next key macro test.
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