Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision

Bitcoin surged to $78,604, up 1.97%, as investors processed the latest U.S. inflation report and awaited the Federal Reserve’s rate decision. The headline CPI remained at 3.4% year‑over‑year, and core inflation showed a modest annual slowdown, though a hotter‑than‑expected monthly core figure kept market expectations for a Fed hike near 62%.

Broad Crypto Rally

Most major cryptocurrencies posted gains. Ethereum rose 3.13% to $2,609, Binance Coin gained 4.40% to $737, and XRP advanced 3.47% to $1.40. Other notable performers included Solana (+3.84% to $103.30), Zcash (+2.76% to $1,195.03), and Dogecoin (+3.52% to $0.0865). Stablecoins such as USDC and USDT held near parity with the dollar, showing minimal movement.

Key Price Movements

• Bitcoin (BTC): $78,604 (+1.97%)
• Ethereum (ETH): $2,609 (+3.13%)
• Binance Coin (BNB): $737 (+4.40%)
• Ripple (XRP): $1.40 (+3.47%)
• Solana (SOL): $103.30 (+3.84%)
• Dogecoin (DOGE): $0.0865 (+3.52%)
• Cardano (ADA): $0.213 (+1.89%)
• Litecoin (LTC): $54.07 (+3.77%)
• Polygon (MATIC): $1.03 (+0.03%)

Market Context

The inflation data, showing a stable headline rate and a cooling core trend, was interpreted as mixed. While the annual core slowdown suggested easing price pressures, the elevated monthly core reading reinforced expectations that the Fed may maintain a tighter monetary stance. This backdrop contributed to the bullish sentiment across crypto markets.

Outlook

With the Federal Reserve’s rate decision on the horizon, market participants will continue to watch inflation trends and monetary policy cues. The current rally indicates that crypto assets are responsive to macroeconomic signals, and further price action may hinge on the Fed’s guidance.