Bitcoin surpassed $65,000 this weekend before briefly dropping to $63,250, reigniting speculation about the end of the bear market. The US Consumer Price Index report, expected on August 12, could trigger a new wave of volatility across crypto and traditional finance markets. According to odds on Kalshi, most traders expect July’s CPI to come in above 3.3% year-over-year, which would influence the Federal Reserve’s monetary policy. Analyst Ali Martinez predicts a final correction below $57,500 followed by a potential rally close to $180,000 next year.
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