Svmuu News: The U.S. Consumer Price Index (CPI) for June fell 0.4% month-over-month, compared with economists’ expectations of a 0.1% decline; in May, it rose 0.5%; year-over-year, it rose 3.5%, compared to an expected 3.8% and May’s 4.2%. The core CPI, excluding food and energy, remained flat in June, compared to an expected 0.2% increase and May’s 0.2% rise; Year-over-year, it rose 2.6%, compared to an expected 2.9% and May’s 2.9%. Following the release of the data, Bitcoin extended its earlier gains, rising to $63,400, up about 2% over the past 24 hours. CME FedWatch shows that the probability of a rate hike in July rose yesterday to a high of 42% from 8% a month ago. Federal Reserve Chairman Kevin Warsh is scheduled to testify before Congress on the state of the economy in about 90 minutes. (CoinDesk).