On July 15, former President Trump voiced disappointment with Putin during a BBC interview, warning of potential new tariffs if Russia fails to secure a ceasefire within 50 days. Meanwhile, the U.S. ramped up military aid to Ukraine, further stoking fears of an escalating conflict and adding to global geopolitical uncertainty.
The same day, preliminary estimates showed U.S. June CPI rising 0.3% month-over-month, driven by rebounding oil prices and trade tariffs. With core CPI also ticking higher, markets scaled back expectations for imminent Fed rate cuts—CME data now prices in just a 60% chance of a September cut.
In crypto markets, BTC retreated from its $123,300 high to test support near $116,227, with traders closely watching for signs of renewed bullish momentum.
Bitunix Analyst Suggestions:
BTC has undergone a healthy correction after its recent breakout, with immediate support now at $117,000–$116,300. A breakdown could see a test of $110,500. Given the current macro headwinds and event-driven volatility, a cautious approach is warranted—investors may want to wait for clearer entry signals, particularly after the upcoming CPI release.
