Fed Easing Bitcoin Price Recovery
Fed signals of fading inflation pressure will support Bitcoin price recovery above key resistance levels
Too little corroboration in the last 3 days to call a trend (8 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Bitcoin crossed $64,000 in Asian morning hours Monday, up half a percent on the day but down almost 3% over the week, as a softer dollar and fading rate-hike bets failed to lift crypto out of its recent range."
"Bitcoin is trading near the $63,000 mark on Monday as falling oil prices ease inflation worries and weak flows limit the recovery."
"cryptocurrencies strengthened after U.S. PPI inflation figures came in below economists' expectations, reinforcing hopes that inflation pressures may continue easing."
"Bitcoin added to earlier gains following the soft numbers, rising to $63,400, up about 2% over the past 24 hours."
"U.S. nonfarm payrolls grew by just 57,000 in June, badly missing forecasts and marking the slowest job growth since early 2024 according to CoinDesk. Fed Chair Warsh confirmed inflation risks have decreased, pushing traders to lower expectations for a summer rate hike. Bitcoin responded by jumping above $60,000 for the first time in over a week, and the broader market followed with gains across all major tokens."
"Bitcoin jumped 4% to $61,500 on July 2 after the US added just 57,000 jobs in June, far below the 115,000 estimate, and CoinDesk reported Fed Chair Warsh called inflation risks lower for the first time since the hawkish June dot plot."
"globally, easing inflation expectations have improved sentiment and supported a modest recovery in Bitcoin. A weaker US dollar and crude oil prices falling to a four-month low have improved risk sentiment, helping BTC recover."
"Bitcoin climbed above $60,000 on July 1 after Warsh told the ECB Forum that inflation risks have decreased. The rally added $50 billion to total crypto market cap in about 90 minutes."