BTC, ETH, SOL price news: Bitcoin nears $65,000 as Fed rate-hike expectations drop

BTC, ETH, SOL price news: Bitcoin nears $65,000 as Fed rate-hike expectations drop

Markets

Bitcoin nears $65,000 as cooling U.S. inflation guts the Fed rate-hike trade

The June CPI print pulled hike odds from 43% to 13%, with analysts now watching the September FOMC meeting for further cues on positioning.

By

Shaurya Malwa

Updated

Jul 15, 2026, 5:29 a.m.

Published

Jul 15, 2026, 5:19 a.m.

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Bitcoin jumped about 3.6 percent to near $64,800 after U.S. inflation cooled more than expected, sharply reducing market odds of a near-term Federal Reserve rate hike.

June headline inflation slowed to 3.5 percent and core inflation eased to 2.6 percent, lifting cryptocurrencies and global equities as traders rotated back into risk assets.

Analysts say bitcoin remains highly sensitive to interest-rate expectations, with the latest data easing immediate downside pressure but leaving the next major test at the Fed’s September meeting and in sustaining bitcoin ETF inflows.

Bitcoin climbed to near $64,800 on Wednesday, its best session in weeks, after U.S. inflation cooled by more than economists expected and traders abandoned bets that the Federal Reserve would raise rates this month.

June headline inflation fell to 3.5% from 4.2%, and core inflation, which strips out food and energy, eased to 2.6% from 2.9%. Cooling in the core measure means the relief is not just cheaper energy, and it takes the strongest argument for another hike off the table.

Implied odds of a rate increase collapsed from 43% to 13% after the release, and the two-year Treasury yield dropped six basis points.

Bitcoin rose 3.6% over 24 hours and is up 3.3% on the week, with about $31 billion changing hands. Ether was the standout at nearly $1,880, up 5.3% on the day and 7.1% over seven sessions. Hyperliquid's HYPE gained 6.4% to $67, XRP added 3.7% to $1.10, Solana rose 3.6% to $78, dogecoin climbed 2.9% and BNB added 1.9% to $579.

Higher rates hurt bitcoin and risk assets as when the Fed raises rates, cash and Treasury bonds start paying a decent, guaranteed return, so investors have less reason to hold something that pays no yield and swings 5% in a session.

On the other hand, cooler inflation means the Fed has less reason to raise, so that pull weakens and money flows back the other way.

Elsewhere, brent crude advanced 1% to above $85 a barrel, a third consecutive day of gains, after President Trump threatened further strikes on Iran and the U.S. resumed its blockade of Iranian shipping through the Strait of Hormuz. Crude has now surged 11% in two sessions.

Equities took the same cue as crypto. MSCI's Asia Pacific gauge climbed 2.3%, its biggest advance in a month, with technology shares leading. South Korea's Kospi jumped 8.2%, retaking its position as the world's best-performing major benchmark this year, and SK Hynix rose 13% in Seoul after its American depositary receipts surged 27%.

"Bitcoin remains a rate-sensitive risk asset rather than a macro hedge," said Jeff Ko, chief analyst at CoinEx, who said the print as reducing '“immediate downside pressure without building a durable breakout.”

Core inflation at 2.6% is still above the Fed's 2% target, so the print buys the central bank room to hold rather than reason to cut. Ko pointed to the September FOMC meeting as the next real macro test, along with the direction of the dollar and whether bitcoin ETF flows can sustain themselves.

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By

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