Bitcoin Reclaims $64K as US Inflation Eases to 3.4% Matching Market Expectations
Bitcoin pushed back above $64,000 as U.S. July CPI printed at 3.4%, perfectly matching analyst forecasts. The in-line reading leaves Federal Reserve policy expectations intact and keeps rate-cut bets alive. Macro uncertainty is receding, allowing risk assets to stage a steady relief rally.
Bitcoin surged back above $64,000 after July U.S. Consumer Price Index data showed inflation cooling to 3.4% year-over-year.
The in-line inflation print delivered zero negative surprises to market participants, keeping the Federal Reserve on course for anticipated interest rate cuts later this year.
With macro volatility receding, capital is flowing back into digital assets as traders reposition for liquidity expansion ahead of upcoming central bank decisions.