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Crypto Rally Continues as Inflation Data Clears Path for September Rate Cut
Bitcoin and other major cryptocurrencies surged on Wednesday after July inflation data came in line with expectations, raising hopes for a Federal Reserve interest rate cut next month. The consumer price index report showed headline inflation holding steady at 2.7% year-over-year, matching forecasts and keeping the Fed’s easing path intact. Bitcoin traded near $119,000 following the data release, just 3% below its record intraday high of $123,166 reached in mid-July. The world’s largest cryptocurrency gained 0.3% over 24 hours as traders positioned for potential monetary policy changes. The July CPI reading met ... (full story)
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The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal Reserve to resume cutting interest rates next month. Rising expectations for Fed easing combined with increasing institutional cryptocurrency investment powered bitcoin to a fresh record peak. Australia’s dollar gained after data showed ...
From finance.yahoo.com | Aug 13, 2025
Bitcoin surpassed $123,500 on Wednesday, climbing to a fresh record as institutional adoption and expectations of looser monetary policy drove the world's largest token to new heights. The cryptocurrency has gained 31% year-to-date and is up 60% from April’s market lows. chart Inflows into spot exchange-traded funds, along with purchases from public ...
