Bitcoin Clears $65K as Ethereum Surges on Softer Inflation Data
TITLE: Bitcoin Clears $65K as Ethereum Surges on Softer Inflation Data
Live market snapshot (at publish): BTC $64,145.46 (-1.4% 24h) · ETH $1,870.78 (-3.0% 24h)
Bitcoin cleared $65K and Ethereum surged nearly 6% this week on softer inflation data. The market is taking a breather after one of the cleaner macro-driven crypto pumps of 2026, with Bitcoin price resistance at $64K and a current price hovering above $62K.
Softer inflation data has decreased the Consumer Price Index by 0.4%, shifting the Fed rate hike odds for July to 31%.
$65K Bitcoin price clearance 6% Ethereum price increase The market is closely watching these macro factors, including Q2 earnings that beat expectations, to determine the next course of action for crypto prices.
The price increase in Ethereum is significant, and it may be positioned to continue its upward trend if the macro factors remain favorable. The Relative Strength Index for Ethereum stands at 48.5, indicating a potential buying opportunity. The Squeeze Momentum indicator for Bitcoin is at 0.81v, suggesting a possible trend reversal.
The Exponential Moving Average for Bitcoin is at 200 days, with a shorter-term average of 50 days, indicating a potential buying opportunity.
50 Altcoin Season Index The Altcoin Season Index is currently at 50, indicating a neutral market sentiment.
The market cap of XRP is approximately $69 billion, with a current price of $1.10650.
The price of XRP has dropped by 0.54% in recent trading sessions.
The all-time high for XRP is $3.65, and the current price is significantly lower than this level.
Analysis: A break above the $65K resistance level for Bitcoin could signal a continued upward trend, while a break below the $60K support level could lead to a market correction. If the softer inflation data continues to influence the market, we may see a further increase in crypto prices. The price of Ethereum may continue to surge if the macro factors remain favorable, potentially leading to a shift in market sentiment in favor of altcoins.
The market will be closely watching the upcoming events, including the release of the next Consumer Price Index and the Fed's decision on interest rates. These events may have a significant impact on the crypto market, and investors should be prepared for potential price movements.