Bitcoin slipped below $71,000 as geopolitical risks and shifting rate expectations dampened the recent relief rally, according to XS.com’s Linh Tran. While softer U.S. CPI briefly supported sentiment, Tran notes inflation remains elevated—especially with volatile energy prices—limiting prospects for Federal Reserve rate cuts and reinforcing a higher-for-longer outlook. She adds that ongoing geopolitical tensions, cautious institutional demand, and tight liquidity conditions are likely to keep Bi

Bitcoin slipped below $71,000 as geopolitical risks and shifting rate expectations dampened the recent relief rally, according to XS.com’s Linh Tran. While softer U.S. CPI briefly supported sentiment, Tran notes inflation remains elevated—especially with volatile energy prices—limiting prospects for Federal Reserve rate cuts and reinforcing a higher-for-longer outlook. She adds that ongoing geopolitical tensions, cautious institutional demand, and tight liquidity conditions are likely to keep Bitcoin range-bound. A sustained uptrend would require clearer inflation easing, Fed policy loosening, or a stronger return of institutional inflows.