# Cool CPI Print Sparks Market Rally Bitcoin, gold, and stocks surge higher. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-14 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/a2dbf514-c013-41f1-b6a9-371b13b11376 ## Initial Market Reaction The U.S. blockade on Iranian ports and rising oil prices negatively impacted markets on Monday. Stocks, bonds, and cryptocurrencies experienced a broad decline. ## Oil Price Volatility Crude oil prices surged sharply following the blockade news. West Texas Intermediate rose to $79 per barrel, while Brent crude climbed above $83, marking the largest daily gain in six years. ## CPI Exceeds Expectations June's Consumer Price Index (CPI) fell to 3.5% year-over-year, below the 3.8% forecast. This created a positive atmosphere in the markets. ## Bitcoin and Gold Rally Following the inflation data, Bitcoin approached $64,000. Gold and silver also gained value, becoming attractive to investors. ## The Federal Reserve's Role Federal Reserve Chair Kevin Warsh's congressional testimony could shape market expectations. Focus remains on the Fed's policy decision at the end of July. ## Market Outlook Oil prices and inflation data will determine the future of markets. Developments in the Iranian blockade and the Strait of Hormuz are critical for investors. ## Sources covering this story - https://news.bitcoin.com/cool-cpi-print-ignites-market-rebound-as-bitcoin-gold-and-stocks-rip-higher/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._