The February 2026 CPI report drops today, March 11, at 8:30 AM ET from the Bureau of Labor Statistics. Consensus expects headline inflation at approximately 2.5% year-over-year (up from January’s 2.4%) and core CPI at roughly 2.5%, though Goldman Sachs is calling for a cooler print at 2.42% core. Bitcoin is approaching $70,000 this morning after consolidating in the $67,000-$68,000 range over the weekend, and the direction of today’s first sustained move will likely set the trading range for the rest of the week heading into the March 18 FOMC meeting.

Last month’s January CPI came in at 2.4%, below the 2.5% consensus, and BTC rallied roughly 5% on the same day. But the setup this time carries extra weight. Bitcoin ETFs recorded…