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Bitcoin rallies near $80K after August CPI shows inflation steady, Fed rate hike odds rise.

Market News
13 Sep 2026
CoinMarketCap
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Neutral
Bitcoin rallies near $80K after August CPI shows inflation steady, Fed rate hike odds rise.

Bitcoin and altcoins initially fell but surged after the August Consumer Price Index data showed inflation rising moderately, with core CPI slightly above expectations. This boosted the odds of a Federal Reserve rate hike at the September meeting to about 88%, influencing market sentiment. Bitcoin neared $80,000 but faced resistance from sellers, creating a price ceiling. Despite geopolitical tensions and inflation concerns, crypto markets remain resilient, though upcoming Fed decisions and energy price shocks could impact future trends.

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