U.S. inflation data came in line with forecasts, giving the Federal Reserve little reason to pivot away from its higher-for-longer interest rate policy. The reading confirms that price pressures remain sticky enough to delay any near-term rate cuts, a scenario that typically weighs on risk assets including cryptocurrencies. Bitcoin responded by slipping slightly, trading around $61,700 in the 24 hours following the release. Prolonged elevated rates reduce the appeal of speculative assets by increasing the opportunity cost of holding them versus yield-bearing instruments. For crypto markets, the data reinforces a cautious macro backdrop, with traders watching for any future inflation softness that could shift Fed guidance and potentially reignite broader risk appetite across digital asset markets.
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