Bitcoin Prices Decline Amid Increased Bets on July Rate Hike

The value of bitcoin has declined as traders adjust their expectations for a potential rate hike by the Federal Reserve in July. This shift in market sentiment comes ahead of the upcoming inflation report, which is expected to provide insight into the US economy's performance. The increased bets on a rate hike have led to a decline in cryptocurrency prices, with some major coins experiencing losses of 2% or more over the past 24 hours.