Bitcoin Magazine

Bitcoin Price Jumps Over $65,500 on Soft Inflation Data 

The Bitcoin price jumped over $65,500 on Wednesday after US inflation data showed that producer prices fell in June. 

Data from the Labor Department showed that the Producer Price Index posted its biggest decline in 14 months. The PPI, excluding food and energy, fell 0.3% in June, according to Bureau of Labor Statistics numbers. 

Bitcoin’s price was recently trading at $64,943, a 2% 24-hour jump. 

The Bitcoin price has typically surged when signs inflation is cooling emerge as investors then expect a bigger chance of lower interest rates. Crypto, stocks and other “risk-on” assets have in the past done well in a low-interest rate environment. 

Still, the cooling inflation does not take into account the latest escalation in the US-Iran war: President Trump this week said the US would take control over the Strait of Hormuz. 

On Wednesday, the US leader vowed to intensify the bombing until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway. 

“We’re going to hit [Iran] very hard the night after,” President Trump told Fox News on Tuesday. “And then next week it gets really bad for them because next week comes the power plants.”

“The only way you can negotiate with these people is through strength,” he added. 

Bitcoin’s price has faced increased volatility since the US and Israel attacked Iran on February 28, with the leading cryptocurrency dropping hard on initial reports of war.

Since the start of the year, the leading cryptocurrency has shed nearly 30% of its value, and is now close to 50% below the $126,080 record it notched in October. 

Downwards pressure has been added to the Bitcoin price as US investors fast cashed out of spot exchange-traded funds throughout the month of June as inflation uncertainties and a boom in artificial intelligence-related stocks has led speculators to put their cash elsewhere.

JUST IN: Bitcoin rips to $65,374 pic.twitter.com/j0mRcD6SMY

— Bitcoin Magazine (@BitcoinMagazine) July 15, 2026

Bitcoin price jumps on cooler inflation numbers

Figures released on Tuesday from June’s Consumer Price Index also showed that inflation appeared to be easing in the US, also leading to a jump in the Bitcoin price. 

Over a seven-day period, Bitcoin’s price has traded from $61,507 to as high as $65,501. 

Traders are now keeping an eye on what new Federal Reserve Chair Kevin Warsh — who’s typically been an inflation hawk in the past — will do while leading the central bank. 

The new Chair told congress this week that the Federal Reserve has “no tolerance for persistently elevated inflation,” and that policy makers at the bank share “a resolute commitment to restoring price stability.”

Kevin Warsh was sworn in as the new central bank chief in May. The former Federal Reserve governor has said he wanted to lower the cost of borrowing but markets initially priced him in as a hawk — someone who would raise interest rates to tackle inflation. 

At the time of writing, the bitcoin price is near $65,000.

This post Bitcoin Price Jumps Over $65,500 on Soft Inflation Data  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts

Bitcoin price briefly climbed above $64,000 on Tuesday after the June Consumer Price Index came in softer than forecast, giving traders fresh reason to bet the Federal Reserve will step back from further tightening.

The Labor Department reported that headline CPI fell 0.1% in June from the prior month, pulling the annual rate down to about 3.9% from 4.2% in May. A near 10% drop in gasoline prices drove much of the decline. Bitcoin price, which had spent the past week under pressure from leverage flushes and geopolitical risk, turned higher on the print and traded near $63,800, a gain of about 2% on the day.

Softer inflation data eases the path toward rate cuts, and lower rates reduce the opportunity cost of holding an asset that pays no yield. As the reading crossed the wire, Treasury yields eased, the dollar gave back ground against major currencies, and equities pushed into the green. Gold added to its recent advance.

Core CPI, which strips out food and energy, held at about 2.9% year over year, above the Fed’s 2% target and a sign that underlying price pressure has not broken. That stickiness keeps a July hike on the table. 

Ahead of the release, futures markets priced a two-in-three chance the Fed holds its 3.5% to 3.75% range at the July 28-29 meeting, with the remainder betting on a quarter-point increase.

BREAKING: CPI inflation falls to 3.5%, far below expectations

— Bitcoin Magazine (@BitcoinMagazine) July 14, 2026

Fed Chair Kevin Warsh added to the uncertainty. Minutes from the June meeting flagged AI-driven energy demand as a new source of inflation, a factor that complicates any read on where prices head next. Warsh is due to testify this week, and traders will parse his tone for signals on the September path.

The gasoline drop that flattered the June number could reverse fast. President Trump reinstated a naval blockade on Iranian shipping and moved to assert control over the Strait of Hormuz, and crude has pushed back above $80. A sustained oil rebound would feed straight into the inflation the Fed has fought to contain.

Bitcoin price setup

For Bitcoin price, the setup is a balancing act between hope for looser policy and caution over what a renewed energy shock would mean.  Spot ETF flows, which anchored much of the past year’s demand, have shown signs of fatigue, leaving price more exposed to macro swings.

Bitfinex analysts wrote to Bitcoin Magazine that Bitcoin ETF demand still isn’t price- or sentiment-agnostic, with the bid appearing on calm days and pulling back on volatile ones. The analysts think this signals that Bitcoin remains a macro-dependent asset.

They note the 30-day average of ETF net flows has been in an outflow regime since mid-May 2026, though daily redemptions have eased from $193 million in early June to $88.9 million now, a slowing decline that still hasn’t found a floor for institutional demand.

Over the past 7 days Bitcoin price traded in a roughly $61,600–$64,700 range, peaking near $64,400 around July 10–12 before sliding to its low near $61,600 on July 13. It has since rebounded to $63,748 (up ~1% on the day), landing back in the middle of the week’s range.

The next broader market markers arrive fast: Q2 earnings from JPMorgan, Goldman Sachs, Wells Fargo, and Bank of America land this week, and the July FOMC decision follows in two weeks. 

At the time of writing, the bitcoin price is near $63,780.

This post Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.