The post Bitcoin Reacts As US CPI Data Comes In At 2.7% appeared on BitcoinEthereumNews.com.

Bitcoin is facing intense volatility following the release of the US CPI data for June. The yearly CPI data came in higher than expectations, which has raised concerns about how it could further delay a Fed rate cut. Bitcoin Records Massive Volatility Following CPI Data Release CoinMarketCap data showed that the BTC price quickly rebounded above $117,000 on the back of the CPI data release, before then dropping to as low as $116,000 after a while. This development came amid the flagship’s loss of about 4% on the day, having crashed from as high as $123,000, recorded the previous day. Source: CoinMarketCap According to U.S. Bureau of Labor data, the yearly U.S. CPI came in at 2.7%, slightly higher than the anticipated 2.6%. However, the monthly data came in at 0.3%, in line with expectations, representing the only positive for Bitcoin. The US CPI data of 2.7% is the highest level recorded since February 2025 and is significantly higher than the 2.4% recorded in May. Experts say the release of new economic data is keeping the markets on edge, as cryptocurrency prices fluctuate within minutes of the announcement. This volatility comes on the heels of a record-breaking week that saw Bitcoin set new ATHs. BTC had surged to as high as $123,000 on July 14 but has since crashed from these highs. What The CPI Data Means For The Market Ahead of the release of the CPI and PPI data, The Kobeissi Letter warned investors of a “big selloff” if the data comes in hot, citing inflationary concerns stemming from Trump’s tariffs. “US June CPI just came in at 2.7% year-over-year – a touch hotter than the 2.6% estimate,” said the pseudonymous Kyledoops. “Not a massive miss, but enough to keep the Fed guessing and the market on edge.” As investors make…

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Filed under: News - @ July 15, 2025 6:31 pm