# Bitcoin Falls to About $62,400 as Traders Raise Bets on a July Fed Rate Increase

Major tokens dropped 2% or more before a U.S. inflation report and testimony from Federal Reserve Chair Kevin Warsh, even as one asset manager argued prices have detached from adoption.

- Published: 2026-07-14T05:28:12.059Z
- Canonical: https://polylog.news/crypto/2026-07-14/bitcoin-falls-to-about-62-400-as-traders-raise-bets-on-a-jul
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/07/14/bitcoin-slips-as-traders-lift-july-fed-rate-hike-bets-ahead-of-inflation-report), [CoinDesk](https://www.coindesk.com/markets/2026/07/13/bitcoin-panic-selling-may-be-ending-as-sellers-profit-margins-disappear), [CoinDesk](https://www.coindesk.com/markets/2026/07/13/franklin-crypto-cio-says-crypto-prices-are-disconnected-from-fundamentals)

Bitcoin fell more than 2% over 24 hours to about $62,380 as traders raised their bets on a Federal Reserve interest-rate increase at the July 28-29 meeting, CoinDesk reported. Ether and XRP fell alongside it. Investors are focused on a Unit…

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