Bitcoin moved higher as markets assessed the latest inflation figures ahead of the Federal Reserve’s interest-rate decision, according to Decrypt. Inflation held at 3.4%, while the core measure—which excludes more volatile components—cooled on an annual basis. However, a stronger monthly core reading kept expectations for a Fed rate hike near 62%. Despite the persistent pressure from the monthly data, crypto markets rallied broadly as investors processed the mixed inflation signals. The upcoming Fed decision remains the key event for markets, with rate expectations continuing to influence sentiment across digital assets. Bitcoin was among the cryptocurrencies gaining as traders weighed the annual cooling in core inflation against evidence that underlying price pressures remain firm on a monthly basis.
