Rate path still divides investors: Five things to know in Bitcoin this week
Bitcoin enters late July in a macro-driven, volatile setup as traders await the Fed’s Wednesday rate decision and Thursday’s PCE inflation data. Rate-hike odds have risen again amid persistent inflation, geopolitical tension, and higher Treasury yields, though falling oil prices slightly eased expectations. PCE is expected to cool from recent highs, and the release could quickly reprice risk assets. BTC recently pushed to local highs near $65,680 but remains trapped between major technical levels, with sellers active at resistance and volatility likely to expand if compression continues. Correlation between Bitcoin and U.S. equities has faded to very low levels, even as stocks face pressure from rising rates and weaker market breadth. Onchain data shows Binance whale inflows have dropped sharply since mid-June, while retail inflows remain stronger, suggesting a shift in selling behavior ahead of the Fed.
