U.S. June CPI fell 0.4% month-over-month, BTC rises to $64,900
2026-07-15 12:27
Odaily Planet Daily News: U.S. 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 fell to 2.6%, below expectations, and was flat month-over-month.
Major crypto assets rose after the data release. BTC climbed from approximately $62,000 to $64,900, ETH rose 7% to $1,884, and approximately $300 million in short positions were 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 stated that he does not agree with the "mission accomplished" assessment and did not provide any guidance on the next policy steps.
Major crypto assets rose after the data release. BTC climbed from approximately $62,000 to $64,900, ETH rose 7% to $1,884, and approximately $300 million in short positions were 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 stated that he does not agree with the "mission accomplished" assessment and did not provide any guidance on the next policy steps.
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