Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision
60-second summary
Bitcoin climbs as markets digest inflation data ahead of the Fed’s rate decision; headline CPI holds at 3.4% and core inflation cools year‑over‑year, yet a hot monthly core figure sustains a 62% probability of another hike. The broader crypto rally lifts Bitcoin, signaling bullish sentiment that could pressure equities and reinforce demand for digital assets.
Inflation held at 3.4% and core cooled annually, but a hot monthly core reading kept Fed hike odds near 62% while crypto markets rallied broadly.