US June CPI fell 0.4% month-over-month, BTC rose to $64,900
2026-07-15 12:27
Odaily Planet Daily News: US June CPI fell 0.4% month-over-month, the largest monthly decline since April 2020; the annual rate dropped from 4.2% in May to 3.5%, lower than the expected 3.8%. Core CPI decreased to 2.6%, below expectations, and was flat month-over-month.
Major crypto assets rallied following 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 his congressional testimony that the Fed has "zero tolerance" for persistently high inflation; if policies are 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 agree with the "mission accomplished" assessment and did not provide guidance on the next policy steps.
Major crypto assets rallied following 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 his congressional testimony that the Fed has "zero tolerance" for persistently high inflation; if policies are 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 agree with the "mission accomplished" assessment and did not provide guidance on the next policy steps.
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