A day after the release of U.S. inflation data (CPI), Bitcoin rose above $65,000 and maintained most of its momentum. This development has renewed capital inflows into cryptocurrency funds.
At the time of writing, the leading cryptocurrency is trading around $65,340, up 2% over the past 24 hours.
In June, annual inflation in the U.S. slowed from 4.2% to 3.5%, against a forecast of 3.8%. The core CPI, which excludes food and energy prices, decreased from 2.9% to 2.6%.
On a monthly basis, consumer prices fell by 0.4%—the largest drop since April 2020, primarily due to cheaper energy costs.
Bitcoin’s price responded to the CPI release by jumping from $62,000 to $64,900 within minutes.
Ethereum’s price rose by more than 4% to $1,933 following the statistics release. According to analyst Darkfost, within the first hour after the data was released, buy volume on Binance reached $1.2 billion. Increased activity was also noted on OKX ($23.6 million) and Deribit ($15 million).
ETH Jumped +4% as Cooler Than Expected U.S. CPI Cools Rate Hike Bets
“Within the first hour following the announcement, $1.2B in taker buy volume flowed into Binance, pushing ETH sharply higher.” – By @Darkfost_Coc pic.twitter.com/QYhit2TVKq
— CryptoQuant.com (@cryptoquant_com) July 15, 2026
The expert noted that the rise was driven by an influx of buyers into the derivatives market. He stated that the price movement is speculative and does not yet form a sustainable trend. Traders continue to monitor news to capitalize on high volatility.
Following the statistics release, new Fed Chairman Kevin Warsh addressed the House Financial Services Committee. He highlighted AI’s impact on the economy, calling the technology a disinflationary factor. However, Warsh emphasized that the regulator is not yet ready to declare victory over inflation and did not signal a rate cut.
“Some might look at today’s data and say: ‘Mission accomplished, everything is great.’ I do not share that view,” he stated.
The probability of a rate hike at the July 28–29 meeting has decreased from about 42% to 12.3%.
On July 14, net inflows into spot Bitcoin ETFs amounted to $181 million. The majority of the funds ($139 million) went to BlackRock’s IBIT. This trend reversal followed a $425 million outflow the previous day.
Ethereum funds attracted $58.34 million. The entire volume was provided by BlackRock’s ETF, while other funds showed no change.
Since early July, periods of inflow and outflow in exchange-traded funds have alternated every few days without a clear direction.
Earlier, on July 8, the price of the leading cryptocurrency dropped to around $61,700 following renewed tensions between the U.S. and Iran.
