Bitcoin Cleared $64,000 After CPI Fell. One Part of the Rally Is Missing

Bitcoin Cleared $64,000 After CPI Fell. One Part of the Rally Is Missing


The Frances Perkins Building, headquarters of the U.S. Department of Labor in Washington, D.C. image By Isaac • July 14, 2026 1:09 pm •

Bitcoin got the inflation report traders wanted. It still did not get the crowd that powered its last big runs.

The price pushed through $64,000 on Tuesday after U.S. consumer prices fell in June and the odds of an immediate Federal Reserve rate increase collapsed.

Trending: Trump names his pick for Sen. Graham’s seat — and it’s not who you’d expect

That was a clean reaction. Lower inflation pressure eased one of the market’s biggest fears, Treasury yields fell and money moved back toward risk.

The awkward part sits one level below the price. Spot Bitcoin exchange-traded funds are still showing weak participation, with trading volume far below its peak and another large withdrawal recorded before the inflation release.

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index fell

Continue reading

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!