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According to CoinDesk, Bitcoin rose nearly 7% in the week ending July 5th, recording its strongest weekly performance since March, driven by falling inflation expectations. The two-year break even inflation rate has fallen below 2%, and WTI crude oil prices have dropped to pre February levels due to geopolitical conflicts. The market is paying attention to the US June CPI data on July 14th to determine the path of inflation and the direction of risk assets.