Crypto Markets Bounce Amid Softer Inflation, Geopolitical Tensions Linger

Crypto markets wrapped up the week on a cautiously optimistic note, despite ongoing geopolitical tensions and uncertainties about the Federal Reserve's upcoming meeting. The latest inflation report came in softer than expected, briefly propelling Bitcoin above $65,000 and Ethereum over $1,900.

However, this upward momentum was short-lived as concerns about US airstrikes against Iran and escalating tensions around the Strait of Hormuz weighed on investor sentiment.

Ethereum outperformed its peers with strong technical signs, while Bitcoin faced continued pressure from ETF outflows and a hawkish Federal Reserve stance. The crypto community now looks to the July 28-29 Fed meeting as a potential turning point for market stability or further declines.