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The Polylog Crypto Intelligence Brief

Morning Edition · Wednesday, July 15, 2026Published at 1:26 AM EDT · New York

Bitcoin Trades Near $64,900 After US Inflation Cools to 3.5%, Reviving Fed Rate-Cut Bets

Headline consumer prices rose 3.5% in June against a 3.8% forecast, though a hawkish Federal Reserve chair and Strait of Hormuz tensions kept Bitcoin below $65,000.

Bitcoin Trades Near $64,900 After US Inflation Cools to 3.5%, Reviving Fed Rate-Cut Bets

Bitcoin climbed toward $65,000 on July 14 after United States inflation data came in below forecasts, reviving expectations that the Federal Reserve will hold off on further tightening. Consumer prices rose 3.5% year over year against a 3.8…

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Spot-ETF Flows Set the Marginal Crypto Price

Creation and redemption in spot Bitcoin and Ether exchange-traded funds have become the marginal price-setting flow for the two largest crypto assets, so allocation decisions at a small number of asset managers transmit macro conditions into crypto faster than on-chain fundamentals do.