Bitcoin pushes toward $65,000 on US inflation relief that may already be fading
Covered by 2 sources · 2 articles
2 outlets - including Beincrypto and Cryptoslate - are covering this story. Trump's Hormuz blockade sent Brent up 18% in a week, threatening the energy-led disinflation in June's PPI and CPI data. The post US Inflation Fell on Cheap Gas, But That Relief is Already Fading appeared first on BeInCrypto .
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US Inflation Fell on Cheap Gas, But That Relief is Already Fading
Trump's Hormuz blockade sent Brent up 18% in a week, threatening the energy-led disinflation in June's PPI and CPI data.
Bitcoin pushes toward $65,000 on US inflation relief that may already be fading
Bitcoin approached $65,000 on July 14 as a sharper-than-expected slowdown in US inflation weakened the case for another near-term Federal Reserve interest rate increase. Data from CryptoSlate showed that BTC rose as high as $64,832 once the…