Bitcoin pushes toward $65,000 on US inflation relief that may already be fading

According to CryptoSlate, Bitcoin prices approached $65,000 following a significant drop in US inflation reported for June, which reduced the likelihood of an impending interest rate hike by the Federal Reserve. However, rising tensions between the US and Iran, along with fluctuating oil prices, could revive inflation concerns and complicate Bitcoin's path to breaking resistance at this price level. Analysts suggest that sustained price movement above $65,000 may require easing geopolitical tensions or supportive signals from the Fed. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.