Bitcoin Holds Near $64,000 as US Inflation Eases Amid Middle East Tensions

Bitcoin is holding steady near $64,000 despite improved risk appetite in the market. The US consumer price index (CPI) data released on July 14 came in lower than expected, which has eased concerns about inflation and reduced the likelihood of further interest rate hikes by the Federal Reserve.

However, tensions between the United States and Iran are limiting Bitcoin's gains. As geopolitical uncertainty widens, some investors may shift their funds from risk assets like crypto to safe-haven assets such as the dollar or gold.

Ethereum was up 1.93% to $1,920.74, while Ripple (XRP) gained 0.35% to $1.11 in transactions. Binance Coin was at $580.44, up 0.19%, but Solana fell 0.29% to $77.4.