Bitcoin Rebounds as U.S. CPI Falls to 3.5%, Below Expectations

Bitcoin has rebounded above the psychological $63,000 level following the release of the June U.S. CPI data, which came in lower than expectations. This has notably reduced the odds of a potential Fed rate hike at the July FOMC meeting, which is a positive for the crypto market. Ad Ad Bitcoin Bounces On Lower-Than-Expected U.S.