US CPI fell 0.4% month-on-month in June, BTC rises to $64,900
2026-07-15 12:27
Odaily Odaily reported that the US CPI fell 0.4% month-on-month in June, the largest monthly decline since April 2020; the annual rate dropped to 3.5% from 4.2% in May, below the expected 3.8%. Core CPI fell to 2.6%, below expectations, and was flat month-on-month.
Major crypto assets rose after the data release, with BTC rising from approximately $62,000 to $64,900, ETH gaining 7% to $1,884, and about $300 million in short positions liquidated.
Federal Reserve Chairman Kevin Warsh stated during congressional testimony that the Fed has "zero tolerance" for persistently high inflation; if policy is correct, the inflation surge of the past five years will become a thing of the past. When asked about the CPI data, he said he does not share the view that the "mission is accomplished" and did not provide guidance on the next policy steps.
Major crypto assets rose after the data release, with BTC rising from approximately $62,000 to $64,900, ETH gaining 7% to $1,884, and about $300 million in short positions liquidated.
Federal Reserve Chairman Kevin Warsh stated during congressional testimony that the Fed has "zero tolerance" for persistently high inflation; if policy is correct, the inflation surge of the past five years will become a thing of the past. When asked about the CPI data, he said he does not share the view that the "mission is accomplished" and did not provide guidance on the next policy steps.
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