World · Market · Global ·
Bitcoin holds near $64,000 as US inflation data meets expectations
US headline and core inflation both came in at 3.4%, matching economist expectations. Bitcoin remained near $64,000 and Treasury yields declined on the data, suggesting stable macro conditions without a major shock to rate-cut expectations.
Why it matters for the crypto market
Expected inflation data removes near-term macro uncertainty and stabilizes Federal Reserve rate-cut odds, allowing crypto markets to hold steady without sharp directional moves.
Source: CoinDesk
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