Bitcoin Retreats as Inflation Climbs
2025-07-15 16:46:19
Main Idea
Bitcoin's price declined following a reported increase in U.S. inflation, with the annual rate reaching 2.7% in June, amid concerns over economic policies and trade tariffs.
Key Points
1. The U.S. Bureau of Labor Statistics reported a 0.3% inflation spike in June, bringing the annual rate to 2.7%.
2. Bitcoin's price dropped below $117K after reaching $123K the previous day, with a 3.35% decline reported.
3. Trading volume for Bitcoin fell by 46% over 24 hours, standing at $93.04 billion, and market dominance decreased to 64.05%.
4. Total open interest for Bitcoin futures declined by 2.12%, with significant liquidations affecting both short and long positions.
5. President Trump called for a Federal Reserve rate cut, characterizing June's inflation figures as 'very low'.
Description
Cracks in the U.S. economy from its aggressive tariff policies may finally be starting to show after inflation climbed 0.3% in June. Bitcoin tumbled on the news. Inflation Spikes and Bitcoin Loses Ground The impact of U.S. President Donald Trump’s tariffs may finally be showing after the U.S Bureau of Labor Statistics (BLS) reported on
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