Bitcoin Stays Range-bound as Traders Await Inflation Data, Warsh Testimony

Dow Jones15:15

0715 GMT - Bitcoin rises marginally but continues to trade in a narrow range ahead of U.S. inflation data and Federal Reserve Chair Kevin Warsh's testimony before Congress. "Bitcoin has been boxed in the same range since mid-June, resistance at $64,441 capping every rally, support at $58,457 absorbing the selling, and the renewed Iran tensions haven't broken it either way," Nexo analyst Dessislava Ianeva says in a note. Exchange traded funds are split between inflows and outflows, netting slightly positive, in recent days, she says. This stability will be tested with the inflation data at 1230 GMT and Warsh's testimony at 1400 GMT. Bitcoin rises 0.8% to $62,619, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 14, 2026 03:15 ET (07:15 GMT)

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