July CPI Puts Bitcoin and Markets on a Fed Knife Edge

The post July CPI Puts Bitcoin and Markets on a Fed Knife Edge appeared first on Coinpedia Fintech News

Oil is the wildcard, and July CPI is about to decide whether the market gets some relief or another headache. Crude jumped Tuesday as US-Iran talks over the Strait of Hormuz stalled, pushing the 10-year Treasury yield to 4.682% before falling below $85-$88 resistance area on reports of progress in Oman-Iran negotiations. Meanwhile, Bitcoin traded …