π Bitcoin Slides Below $64K After July CPI Matches Forecasts β No Rate-Cut Spark
Bitcoin briefly touched $65K this morning before retreating below $64,000 after the July CPI report landed exactly on forecast β headline inflation at 3.4% and core at 2.5%. The in-line print gives the Fed cover to hold rates in September but hands crypto no new catalyst. Perpetual trading volumes on major exchanges have dropped to a three-year low as traders sit on their hands. Is sideways the new normal until the Fed blinks? Not financial advice.
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