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Bitcoin nears $80K after US inflation data shows cooling core CPI, boosting crypto markets.

Market News
11 Sep 2026
Tokenpost
View Source
Bullish
Bitcoin nears $80K after US inflation data shows cooling core CPI, boosting crypto markets.

Bitcoin surged close to $80,000 following the US inflation report showing a slowdown in annual core CPI to 2.4%, the lowest in 66 months. This easing of inflation boosted confidence in both cryptocurrency and traditional markets, with Ethereum also rising over 8%. However, persistent monthly inflation in services raised concerns about ongoing price pressures, increasing uncertainty ahead of the Federal Reserve's September 16 decision. Bitcoin's technical indicators suggest potential for further gains if it breaks above $80,000, but failure to do so could lead to a pullback toward $78,000 or lower.

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Fed minutes signal likely year-end rate hike, impacting Bitcoin's price and investor strategies.

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