
Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report
Bitcoin and other major cryptocurrencies fell over 2% as traders increased bets on a Federal Reserve rate hike in July, pushing money market expectations from about 10% to 50%. The two-year U.S. Treasury yield reached 4.29%, its highest since early last year, amid rising oil prices and escalating U.S.-Iran tensions. Market focus is on the upcoming June consumer-price index report and Fed Chair Kevin Warsh’s congressional testimony, which may clarify the Fed's policy direction amid mixed signals from inflation data and geopolitical developments.

































