1124 GMT - Bitcoin rises slightly as the dollar eases ahead of U.S. inflation data and Federal Reserve Chair Kevin Warsh's testimony before lawmakers. "Perhaps dollar traders wanted to liquidate some of their long positions ahead of today's U.S. CPI data that could well impact expectations about the Fed's course of action," XM analyst Charalampos Pissouros says in a note. Inflation potentially cooled in June but any remarks from Warsh about not tolerating price pressures could boost the dollar by increasing the chance of a rate rise later this month as renewed U.S.-Iran tensions lift oil prices, he says. Bitcoin rises 0.9% to $62,681, LSEG data show. The inflation data are due at 1230 GMT followed by Warsh's testimony at 1400 GMT. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 07:25 ET (11:25 GMT)
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