Bitcoin Holds Above $64K on July 15 as U.S. Inflation Cools to 3.5%

BTC0.40%
Bitcoin held above $64,000 on July 15, steadying after an earlier pullback as U.S. inflation fell to 3.5% in June—its softest level in over two years. The Consumer Price Index dropped 0.4%, the steepest single-month decline since April 2020, and core CPI slipped to 2.6%, both softer than analysts projected. The crypto market capitalization recovered following an initial $16.94 billion shed during the July 14–15 session amid escalating Middle East tensions between the U.S. and Iran. Net inflows totaled $35.58 billion as traders rotated into cryptocurrencies on the inflation relief. Bitcoin rallied to $65,577, marking its highest level since June 22, though spot market net sales of $59.83 million suggest lingering caution among traders.
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