Bitcoin Surges to $64,800 as U.S. Inflation Cool Offs
Bitcoin climbs approximately 3.6% to nearly $64,800 following a decrease in U.S. inflation, which decreases the likelihood of an immediate Federal Reserve rate hike. CoinDesk reports that June headline inflation fell to 3.5%, impacting broader markets as investors shift back to risk assets.
Bitcoin rises about 3.6% to around $64,800 after U.S. inflation data showed signs of cooling, leading to a significant reduction in expectations for a near-term interest rate hike by the Federal Reserve. The Consumer Price Index (CPI) report for June indicates that headline inflation slowed to 3.5% from 4.2%, while core inflation decreased to 2.6% from 2.9%. This shift has made traders less likely to bet on a Federal Reserve rate increase in the near term, with the probability dropping from 43% to just 13%.
The reaction in the cryptocurrency market is pronounced, particularly for Bitcoin, which is sensitive to interest rate movements and macroeconomic signals. Analysts suggest the latest inflation figures bring some relief to Bitcoin's immediate downside pressure but highlight that the cryptocurrency still faces crucial tests ahead. Jeff Ko, chief analyst at CoinEx, pointed out that "Bitcoin remains a rate-sensitive risk asset rather than a macro hedge," noting that core inflation is still above the Federal Reserve's target of 2%, providing the central bank with room to maintain current rates rather than indicating a need to cut.
This recent uptick contributes to a broader trend in risk assets, as Bitcoin's rally also aligns with gains in other cryptocurrencies. Ether rises nearly 5.3% to approach $1,880, while Solana increases approximately 3.6% to about $78. The shift in market sentiment appears tied to the Federal Reserve’s upcoming September meeting, regarded as another significant moment for evaluating interest rate policies and potential Bitcoin Exchange-Traded Fund (ETF) inflows.
As market participants keep a close watch on these developments, the upcoming Fed meeting and its outcomes regarding interest rate strategy will likely define Bitcoin's trajectory in the near future.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 15, 2026. SolanaWire does not republish source content.
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