BTC rise lower than expected, market focuses on CPI data for July 15th

The performance of the coin market has been far below expectations since the beginning of the year, and the market is about to follow the CPI to be announced on July 15th. According to data analysis, despite over $63 billion in Liquidity flowing into the encryption market, BTC has only risen by 13% since the beginning of the year, far below expectations. Inflation has dropped from 3.5% in April 2024 to a steady level of 2.4% for the past three months, lower than the 3% or more warned by The Federal Reserve (FED) Chairman Powell. Meanwhile, the unemployment rate has remained stable at 4.2% for nearly a year, dispelling concerns about the deterioration of the labor market. With the inflation window narrowed by tariff-induced inflation, all eyes are on the CPI to be announced on July 15th.