Bitcoin trades near $62,800 amid inflation data, Iran tensions, and major bank earnings this week

Bitcoin hovered around $62,800 as investors brace for key U.S. inflation reports, geopolitical tensions between the U.S. and Iran, and major bank earnings this week. Rising oil prices due to Iran Strait of Hormuz tensions could increase inflation fears, pressuring Bitcoin and other risk assets. Upcoming Consumer Price Index and Producer Price Index data will influence Federal Reserve rate expectations, impacting crypto markets. Additionally, retail sales, consumer sentiment, and corporate earnings from major banks will shape market sentiment, while Bitcoin ETF inflows provide some support but have yet to push prices above $65,000.