Bitcoin Rises Nearly 7% in Week Through July 5, Led by Easing Inflation Expectations

BTC-1.67%
CL-0.70%
According to ChainCatcher, Bitcoin rose nearly 7% in the week through July 5, marking its strongest weekly performance since March. The rally was primarily driven by declining inflation expectations, with the two-year breakeven inflation rate dropping below 2%, approaching the Federal Reserve's target level. WTI crude oil prices have similarly retreated to levels seen prior to the February geopolitical tensions, prompting the market to reassess inflation pressures and interest rate outlook. Market participants will focus on U.S. June CPI data scheduled for July 14, which could serve as a key catalyst for determining inflation trends and risk asset direction.
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