{"id":628411,"date":"2024-07-08T14:30:01","date_gmt":"2024-07-08T14:30:01","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=628411"},"modified":"2024-07-08T13:46:22","modified_gmt":"2024-07-08T13:46:22","slug":"bitcoin-starts-july-cpi-data","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","title":{"rendered":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?"},"content":{"rendered":"<p class=\"p2\">The <a href=\"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-downtrend-54k\/\">beginning of July has not been bullish for the Bitcoin<\/a> and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-price-collapse-analyst-forecasts-44000-plunge-on-200-daily-ema-breakdown\/\">BTC<\/a>. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on July 11.<\/p>\n<h2 class=\"p2\">CPI Data Could Move The Narrative For Crypto<\/h2>\n<p class=\"p2\">Crypto analyst CrypNuevo took to X (formerly Twitter) to <a href=\"https:\/\/x.com\/CrypNuevo\/status\/81413974\" rel=\"nofollow\">share<\/a> their thoughts on where they expect the Bitcoin price to be headed next. Pointing to the <a href=\"https:\/\/www.ktsl888.com\/news\/cpi-preview-bitcoin-price-poised-to-surge\/\">upcoming CPI data<\/a>, CrypNuevo explains that a rate cut could be imminent in the CPI data that is expected to be released on Thursday, July 11.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/dogecoin\/dogecoin-vs-shiba-inu-vs-pepe\/\">Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins<\/a><\/div>\n<p class=\"p2\">With the inflation data expected to come in lower, this could point to an <a href=\"https:\/\/www.ktsl888.com\/news\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\/\">immediate rate cut<\/a> or at least a further rate cut by the Fed going forward. Naturally, such rate cuts would be good for the Bitcoin price as they have been in the past.<\/p>\n<p class=\"p2\">\u201cA rate cut or an imminent rate cut announcement would be greatly received in the crypto market and I believe that we would see prices going up aggressively in that case,\u201d the analyst said. \u201cI don\u2019t discard that if we get a good CPI on Thursday, we see that reversal for that day, because the market tends to price-in what\u2019s to come from the FED,\u201d CrypNuevo explains further further.<\/p>\n<h2 class=\"p2\">Will The Bitcoin Bearish Trend Continue?<\/h2>\n<p class=\"p2\">For the analysis, the crypto analyst used the <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-undervalued-now-industry-expert\/\">BTC 1-Day chart<\/a> which showed a rather peculiar wick that the analysis expects to be filled. This wick is the $53,400 wick that occurred in early July before the market recovery, but the analyst does not believe that it is over for the price. Firstly, the analyst expects at least 50% of the wick to be filled, something that already happened over the weekend <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/social-media-sell-bitcoin-crashes-54000-buy\/\">when the price fell to $54,000<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/finance-ceo-raoul-pal-says-crypto-will-reach-100-trillion-market-cap-heres-when\/\">Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap \u2013 Here\u2019s When<\/a><\/div>\n<p class=\"p2\">On to the topic of the wick being 100% filled, it could be bullish for the price as the crypto analyst expects that <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-price-crashes-below-54000-top-5-reasons\/\">falling to this level<\/a> could see the price bounce from here. However, there is also the possibility that the price fills this wick and then falls further down.<\/p>\n<p class=\"p2\">In such a case, the crypto analyst believes that $51,700 would hold for <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-further-crash-to-47000\/\">the Bitcoin price<\/a>. This means that this would be the next support level for bulls to hold. A recovery from here would likely see the <a href=\"https:\/\/www.ktsl888.com\/news\/market-expert-predicts-when-bitcoin-price-will-reach-its-cycle-highs\/\">price barrel toward $60,000<\/a>, but the analyst maintains that $60,000 is now resistance for Bitcoin.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/m26QaZsZ\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1578\"><figcaption class=\"wp-caption-text\">BTC price forming support at $57,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on July 11. CPI Data Could Move The Narrative For Crypto Crypto analyst CrypNuevo took to X (formerly Twitter) to share their thoughts on where they expect the Bitcoin price to be headed next. Pointing to the upcoming CPI data, CrypNuevo explains that a rate cut could be imminent in the CPI data that is expected to be released on Thursday, July 11. Related Reading: Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins With the inflation data expected to come in lower, this could point to an immediate rate cut or at least a further rate cut by the Fed going forward. Naturally, such rate cuts would be good for the Bitcoin price as they have been in the past. \u201cA rate cut or an imminent rate cut announcement would be greatly received in the crypto market and I believe that we would see prices going up aggressively in that case,\u201d the analyst said. \u201cI don\u2019t discard that if we get a good CPI on Thursday, we see that reversal for that day, because the market tends to price-in what\u2019s to come from the FED,\u201d CrypNuevo explains further further. Will The Bitcoin Bearish Trend Continue? For the analysis, the crypto analyst used the BTC 1-Day chart which showed a rather peculiar wick that the analysis expects to be filled. This wick is the $53,400 wick that occurred in early July before the market recovery, but the analyst does not believe that it is over for the price. Firstly, the analyst expects at least 50% of the wick to be filled, something that already happened over the weekend when the price fell to $54,000. Related Reading: Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap \u2013 Here\u2019s When On to the topic of the wick being 100% filled, it could be bullish for the price as the crypto analyst expects that falling to this level could see the price bounce from here. However, there is also the possibility that the price fills this wick and then falls further down. In such a case, the crypto analyst believes that $51,700 would hold for the Bitcoin price. This means that this would be the next support level for bulls to hold. A recovery from here would likely see the price barrel toward $60,000, but the analyst maintains that $60,000 is now resistance for Bitcoin. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":628434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,84888,92705],"class_list":["post-628411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cpi","tag-cpi-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?<\/title>\n<meta name=\"description\" content=\"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?\" \/>\n<meta property=\"og:description\" content=\"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T14:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T13:46:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?\",\"datePublished\":\"2024-07-08T14:30:01+00:00\",\"dateModified\":\"2024-07-08T13:46:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\"},\"wordCount\":512,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\",\"CPI\",\"CPI news\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\",\"name\":\"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024\",\"datePublished\":\"2024-07-08T14:30:01+00:00\",\"dateModified\":\"2024-07-08T13:46:22+00:00\",\"description\":\"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?","description":"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?","og_description":"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.","og_url":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-08T14:30:01+00:00","article_modified_time":"2024-07-08T13:46:22+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?","datePublished":"2024-07-08T14:30:01+00:00","dateModified":"2024-07-08T13:46:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/"},"wordCount":512,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT","CPI","CPI news"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","url":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","name":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","datePublished":"2024-07-08T14:30:01+00:00","dateModified":"2024-07-08T13:46:22+00:00","description":"The beginning of July has not been bullish for the Bitcoin as earlier expected due to a number of events that have shaken the market.","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?","url":"http:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-starts-july-cpi-data\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","cpi","cpi news"],"dateCreated":"2024-07-08T14:30:01Z","datePublished":"2024-07-08T14:30:01Z","dateModified":"2024-07-08T14:30:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-starts-july-cpi-data\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-starts-july-cpi-data\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-bears.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-bears.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"cpi\",\"cpi news\"],\"dateCreated\":\"2024-07-08T14:30:01Z\",\"datePublished\":\"2024-07-08T14:30:01Z\",\"dateModified\":\"2024-07-08T14:30:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-bears.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/628411"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=628411"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/628411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/628434"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=628411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=628411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=628411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}