US Inflation Slows to 3.5%, Bitcoin Surpasses $64K
June inflation data sparked movement in the crypto market.
1Inflation Data Released
The US Bureau of Labor Statistics published June's Consumer Price Index (CPI) data. Annual inflation slowed to 3.5%, marking the first decline since February 2026. The drop was primarily driven by decreases in energy prices, particularly gasoline.
2Core Inflation Remains Stable
Core inflation, excluding food and energy, remained unchanged monthly while annual core inflation decreased from 2.9% to 2.6%. These figures suggest inflation is generally under control but not completely tamed.
3Bitcoin Spikes
Following the inflation data release, Bitcoin briefly surpassed $64,000 but failed to maintain that level. The crypto market typically shows short-term reactions to inflation reports.
4Fed Rate Decision Expectations
CME data indicates an 87.7% probability the Fed will keep rates unchanged at its July meeting. Slowing inflation gives the Fed more time to evaluate its policies.
5Expert View: Temporary Relief
Heather Long, chief economist at Navy Federal Credit Union, warns the inflation slowdown may be temporary. Factors like renewed conflict in Iran could put upward pressure on prices again.
6Market Significance
Inflation data is crucial for both traditional and crypto markets. These figures shape Fed policy and directly influence investor risk appetite and asset prices.
Original article: INCRYPTED — ABD'de Enflasyon Yavaşladı, Bitcoin 64 Bin Doları Aştı