Bitcoin (BTC) Price: BTC Hits $65,500 as Inflation Cools — Traders Eye $70K

Bitcoin hit $65,500 on July 15, its highest price since June 22. US PPI came in at 5.5% year-on-year with a 0.3% monthly decrease, beating expectations. Fed rate hike odds shifted, with a September 0.25% hike no longer the most likely outcome. Bitcoin steadied near $64,830 on July 16 as US-Iran tensions weighed on markets.