Bitcoin rose nearly 7% in the week ended July 5, its best performance since March, as the crypto market stabilized. The move is being underpinned by falling U.S. inflation breakevens, according to CoinDesk, with the two-year breakeven rate dropping below 2% and longer-term measures also sliding sharply.
Both the two-year breakeven and WTI oil prices have fallen to levels last seen before the onset of the Iran war in late February, prompting some to question Fed rate-hike bets and the dollar’s strength ahead of the June CPI report on July 14.
U.S. Inflation Outlook Underpins Bitcoin Bulls After Best Week Since March
2026-07-06 11:49:44
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