U.S. June CPI fell 0.4% month-over-month, BTC rises to $64,900
2026-07-15 12:27
Odaily Planet Daily News: The U.S. CPI fell 0.4% month-over-month in June, 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 fell to 2.6%, lower than expectations, and was flat month-over-month.
Major crypto assets rose after the data release, with BTC climbing from around $62,000 to $64,900, ETH rising 7% to $1,884, and approximately $300 million in short positions liquidated.
Federal Reserve Chairman Kevin Warsh testified before Congress 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 stated he does not agree with the "mission accomplished" assessment and did not provide guidance on the next policy steps.
Major crypto assets rose after the data release, with BTC climbing from around $62,000 to $64,900, ETH rising 7% to $1,884, and approximately $300 million in short positions liquidated.
Federal Reserve Chairman Kevin Warsh testified before Congress 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 stated he does not agree with the "mission accomplished" assessment and did not provide guidance on the next policy steps.
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