Bitcoin Nears $65,000 After U.S. June CPI Cools Fed Rate-Hike Bets

The June U.S. CPI print came in cooler than expected, slashing the probability of a Federal Reserve rate hike from 43% to 13% and boosting crypto markets. Bitcoin climbed close to $65,000 on the news, as traders repriced their positions. Analysts are now focusing on the September FOMC meeting for further signals on monetary policy direction.