The June CPI print pulled hike odds from 43% to 13%, with analysts now watching the September FOMC meeting for further cues on positioning.

US CPI came in at 4% year-over-year with core CPI at 3%, both below expectations. Bitcoin rallied near $62,600 as rate cut odds increased ahead of the July

Bitcoin rose after June's CPI fell 0.4%, denting Fed rate hike expectations despite Middle East conflict looming over the crypto market.

Bitcoin rebounded to around $64,700 after softer-than-expected US inflation data weakened the dollar and eased concerns over near-term Fed rate hikes. Ethereum outperformed with a…