The US Federal Reserve will announce its interest rate decision on Wednesday, with markets pricing a 31% chance of a hike this week and 50% in September, as the US 2-year Treasury yield climbed to 4.3%. June’s Personal Consumption Expenditures inflation index, currently at a three-year high of 4.1%, is due on Thursday and could impact risk assets. Bitcoin reached a new local high of $65,680 on Bitstamp while testing its 50-month exponential moving average. According to CryptoQuant, BTC inflows from whales to Binance have dropped by 44% since June 12, with retail inflows now running at twice the level of whale inflows, leaving a gap of $3.9 billion.
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