In the United States, inflation data fell behind in June, and the markets for encrypted assets rebounded. Bitcoin recovered from its previous low position of approximately $62,000 and repositioned on $64,000. CoinGecko shows that the cumulative increase in bitcoin over the past two weeks has been close to 10 per cent, and the global market value of encrypted assets has risen to $2,31 trillion.

Return to inflation boosting risk assets

It was reported that the consumer price index (CPI) ring ratio in the United States declined by 0.4 per cent in June 2026, after rising to 4.2 per cent in May. This change has been interpreted by the market as a reduction in inflationary pressure, leading to a recovery in investor risk preferences and a strengthening of the encryption market.

On the whole, this round is not limited to bitcoin. The parallel rise in the market value of the overall market indicates that the financial mood has recovered from earlier periods.

  • Bitcoin is back above $64,000.
  • The last two weeks have seen a cumulative increase of nearly 10%.
  • The global market value of encryption rose to 2.31 trillion dollars.

Interest rate prospects remain the main variable

However, the market continues to be cautious about the sustainability of the rebound. According to the report, Federal Reserve Chairman Kevin Warsh had not released a clear shift in interest rates and reiterated that inflation remained above the 2 per cent target.

This means that the Fed may maintain interest rates in the short term. If interest-rate expectations are repeated in the course of the year, pressure is usually placed on high-variant risk assets such as encrypted assets.

Oil prices and legislative developments are of concern

Another factor of concern is the situation in the Middle East. With the renewed escalation of the American-Iraqi conflict, oil prices have risen. If energy prices continue to rise, it is likely that inflation will be pushed back and market expectations of easing will be weakened.

Conversely, if geo-stabilized tensions eased and oil prices fell, inflation data could be further improved and market risk preferences were expected to continue to be repaired. The report also mentions that the United States Senate is moving forward with the CLARITY Act-related legislation, which, if advanced, could further boost market confidence and generate additional financial inflows.