0246 GMT - Bitcoin edges down in Asia trade, surrendering gains notched after cooler-than-expected U.S. CPI overnight. The print initially buoyed cryptocurrencies, tempering rate-hike expectations and softening the dollar. The CoinDesk Bitcoin Price Index rose 3.72% but didn't manage to break the key $65,000 level, suggesting that renewed Middle East hostilities continue to fuel risk aversion. As oil prices resume their upward climb, fears of an inflationary shock are back. The geopolitical deterioration could reverse the tentative stabilization in institutional demand for Bitcoin, says Ameera Khalid of Skoub. Spot Bitcoin ETFs recorded some net inflows this month, but not enough to offset the outflows over recent months. If tensions worsen, institutional investors may once again reduce exposure to risk, Khalid says. Bitcoin slips 0.1% to $64,468.(fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 22:46 ET (02:46 GMT)
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