Bitcoin rally cools as investors digest inflation data, oil clouds outlook

60-second summary

Bitcoin's recent rally is slowing down as investors process the latest inflation data, with the US inflation rate rising to 3.2% in June, higher than expected. Oil prices are also impacting the outlook, with Brent crude hovering around $110 per barrel. This perfect storm is weighing on investor sentiment, potentially stifling the cryptocurrency's momentum and affecting the broader market's performance.