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Bitcoin (BTC) heads into the end of July juggling volatility catalysts as the Federal Reserve reacts to US inflation.
Key points:
- The Fed will deliver its latest decision on interest rates as US bond yields spike, with markets seeing a September hike as likely.
- June PCE inflation is due on Thursday after hitting a three-year high of 4.1% last month
- Signs of a shift in the equities uptrend places the focus on Bitcoin’s macro correlation.
- Whales exchange inflows cool by 44% since June
Markets remain split on rate outlook
Attention turns once more to the US Federal Reserve this week, with the Federal Open Market Committee (FOMC), chaired by Kevin Warsh, set to announce its latest interest rate decision on Wednesday, July 29.
A combination of geopolitical tensions and persistent inflation pressures has reshaped expectations for Fed policy and put the possibility of further rate hikes back on the table as the US 2-year Treasury yield…
