Bitcoin Trapped in Range as Investors Await Clarity on Inflation and Fed Policy

Despite strong institutional demand and steady ETF flows, Bitcoin remains range-bound, analysts say.

The broader setup for crypto is described as 'constructive but lacks a clear catalyst' by QCP Capital, a crypto trading firm.

Institutional adoption and constrained supply continue to provide support, yet investors are waiting for greater clarity on inflation and the Federal Reserve's policy outlook before taking larger positions.

The first possible trigger comes with the release of the latest U.S. Consumer Price Index (CPI) on July 14, which tracks inflation paid by consumers.