Crypto markets remain hyper-sensitive to inflation data, with Bitcoin hovering near $58K ahead of the U.S. June CPI release (July 11). Analysts warn a hotter-than-expected print could reignite fears of prolonged Fed rate hikes, pressuring risk assets like crypto. Conversely, softer inflation may fuel bets on a 2024 rate cut, boosting Bitcoin’s appeal as a hedge. Recent volatility underscores the trend: May’s cooler CPI briefly lifted BTC to $70K, while April’s hot data triggered a 10% drop. Meanwhile, Ethereum and inflation-resistant “stablecoin” projects (e.g., MakerDAO’s RWA-backed DAI) gain attention as macro uncertainty persists. Traders brace for CPI-driven swings, eyeing $60K BTC as a critical psychological level.
