Price Analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
Bitcoin price saw a brief pullback after high inflation on July 13, but the rebound seen in BTC and altcoins suggests that buyers buy the dip.
![Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvN2RlYzI3NTUtN2VhYy00YzZjLWI1NTQtMmI2NTgwMzJkYjQ5LmpwZw==.jpg)
The consumer price index in the United States rose to 9.1% in June, beating expectations for an 8.8% year-on-year rise. Currently, fed funds futures are pointing to an 81 basis point rate hike for July, suggesting that some participants are pricing in a 100 basis point hike.
Several on-chain indicators point to a likely bottom in Bitcoin (BTC), but analysts at market intelligence firm Glassnode aren't convinced the bottom has been reached. In "The Week On-Chain" report on July 11, analysts said the market may need to drop further "to fully test investors' resolve and allow the market to establish a resilient bottom".
![](https://s3.cointelegraph.com/uploads/2022-07/26fd1196-1976-473f-a1f4-4b5fab3b98ab.png)
While the short-term remains bearish, strategists are confident about its long-term outlook. CoinShares Chief Strategy Officer Meltem Demirors told CNBC that Bitcoin could extend its “downwa...
![Price Analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvN2RlYzI3NTUtN2VhYy00YzZjLWI1NTQtMmI2NTgwMzJkYjQ5LmpwZw==.jpg?#)
Bitcoin price saw a brief pullback after high inflation on July 13, but the rebound seen in BTC and altcoins suggests that buyers buy the dip.
![Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvN2RlYzI3NTUtN2VhYy00YzZjLWI1NTQtMmI2NTgwMzJkYjQ5LmpwZw==.jpg)
The consumer price index in the United States rose to 9.1% in June, beating expectations for an 8.8% year-on-year rise. Currently, fed funds futures are pointing to an 81 basis point rate hike for July, suggesting that some participants are pricing in a 100 basis point hike.
Several on-chain indicators point to a likely bottom in Bitcoin (BTC), but analysts at market intelligence firm Glassnode aren't convinced the bottom has been reached. In "The Week On-Chain" report on July 11, analysts said the market may need to drop further "to fully test investors' resolve and allow the market to establish a resilient bottom".
![](https://s3.cointelegraph.com/uploads/2022-07/26fd1196-1976-473f-a1f4-4b5fab3b98ab.png)
While the short-term remains bearish, strategists are confident about its long-term outlook. CoinShares Chief Strategy Officer Meltem Demirors told CNBC that Bitcoin could extend its “downwa...
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