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U.S. CPI meets expectations at 3.4%, Bitcoin rebounds above $78,000 amid Fed rate hike bets.

Market News
11 Sep 2026
Coingape
View Source
Bullish
U.S. CPI meets expectations at 3.4%, Bitcoin rebounds above $78,000 amid Fed rate hike bets.

The U.S. Consumer Price Index (CPI) for August rose 3.4% year-over-year, matching expectations, with core CPI at its lowest since 2021. This inflation data led to a Bitcoin price rebound above $78,000, alongside gains in Ethereum and Solana. Despite the steady inflation figures, the market now sees over an 80% chance of a Federal Reserve rate hike next week, influenced by ongoing geopolitical tensions and recent ECB rate increases. Investors are closely watching how these factors will impact crypto and broader markets moving forward.

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Bitcoin holds above $80K despite $681M ETF outflows and oil prices topping $100 amid Middle East tensions

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