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Bitcoin just dropped to $62,600 as Brent crude oil prices jumped nearly 4%—renewed U.S.–Iran tensions reignited, stoking fears of inflation and expectations that the Fed will raise interest rates this month. The Strait of Hormuz is almost shut; trading “Nacho” (no chance of reopening) is favored, pushing the 2-year Treasury yield up to 4.28% and weighing on risk assets.

Everyone is waiting for the June CPI report to be released later today. If headline inflation falls to 3.8% as forecast, upward rate pressure may ease. Otherwise, hotter data would strengthen expectations for tightening—which is bad for Bitcoin and altcoins.

Amid escalating geopolitical tensions, maintaining strict risk-management discipline matters more than ever. Volatility can come from any statement or number. Do your own research and think carefully before acting. DYOR.

#Bitcoin #BTC #CPI #DauKhi #ChinhTri