Bitcoin Holds Near $65,200 as Softer U.S. Inflation Rally Meets Iran Tension
Updated
Updated · CoinDesk · Jul 15
Bitcoin Holds Near $65,200 as Softer U.S. Inflation Rally Meets Iran Tension
3 articles · Updated · CoinDesk · Jul 15
Summary
Bitcoin held near $65,200 and ether steadied around $1,895 after Tuesday’s softer-than-expected U.S. inflation report lifted both tokens to multi-week highs.
Iran-U.S. tensions over tanker movements in the Strait of Hormuz capped follow-through gains, leaving bitcoin down 0.6% and ether off 0.8% since midnight UTC despite 24-hour gains of 3% and 5%.
Derivatives stayed calm: BTC open interest edged up to $17.3 billion, funding rates remained broadly neutral, and options turned more bullish with the 24-hour call-put ratio at 66/34.
Altcoin strength was selective rather than broad, with CoinMarketCap’s Altcoin Season gauge slipping to 46/100 as HYPE rose 4%, PUMP gained 8.5%, and LIT stalled near its $2.76 record.