June CPI Triggers Bitcoin and Crypto Spike as Fed Eyes Rate Path
18h05 ▪
5
min read ▪ by
The crypto market is gaining momentum, with Bitcoin and major altcoins out front. The surge followed Tuesday’s U.S. inflation report, which showed a modest rise in prices but largely met expectations, prompting traders to maintain hopes for a potential Fed rate cut in September.
In brief
- Bitcoin and major altcoins gained momentum following the release of June’s U.S. CPI data.
- June’s CPI showed inflation rose 2.7% year over year, slightly higher than May’s 2.4%, while…
