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US CPI data released: Bitcoin responds for the first time

2026-09-11 21:37:27
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U.S. consumer inflation data for August released

U.S. consumer price index (CPI) data for August was officially released. The annual core CPI increased by 3.4% year-on-year, in line with market expectations; the month-on-month growth of 0.4%, also in line with expectations. However, core CPI excluding food and energy prices rose 0.3% month-on-month, higher than market expectations of 0.2%. The data reignited market discussions about the Fed's interest rate decision.

Bitcoin market fluctuates violently

After the release of US CPI data in August, the Bitcoin market experienced significant fluctuations. BTC prices fell back to the US$76,000 range after the data was released, and then quickly rebounded and approached the US$77,200 level. Currently, the market is watching to see whether this volatility will turn into a sustained wave of selling.

Detailed interpretation of data

August inflation data showed that the overall inflation rate remained at expected levels, but the growth rate of core indicators exceeded the forecast range:

  • CPI (annual): 3.4%| Expected: 3.4%| Previous value: 3.4%
  • CPI (monthly): 0.4%| Expected: 0.4%
  • Core CPI (monthly): 0.3%| Expectations: 0.2%

In particular, core CPI rose 0.3%, indicating that price pressures remain strong in some areas.

Will the Federal Reserve raise interest rates?

The data was released ahead of the Federal Reserve's September 15 - 16 meeting. Recently, the market has strongly priced the possibility of raising interest rates. In addition, the U.S. producer price index (PPI) also exceeded expectations on Thursday, further increasing the importance of the inflation issue. Investors are assessing how CPI data will affect the Fed's final decision.

The core CPI is higher than expected and may become one of the factors supporting interest rate hikes. At the same time, the overall CPI for the year was in line with expectations, indicating that the overall data did not show changes in one direction.

Bitcoin and gold's reaction to data

CPI is not only related to the U.S. economy, but also an important indicator of the entire financial market. Higher inflation could strengthen expectations that the Fed would raise interest rates or adopt tighter policies. In this case, U.S. dollar and Treasury yields may be supported, while assets such as Bitcoin and gold face downward pressure. Conversely, if the market believes that inflationary pressures are weakening and interest rate expectations are lowered, risky assets will be supported.

Therefore, the current market focus is not only on the overall inflation rate of 3.4%, but also on the phenomenon that core CPI exceeds expectations.

Markets focus on the Federal Reserve

Although the August CPI data did not completely change the situation facing the Federal Reserve, it increased the market's sensitivity to interest rate decisions. Annual inflation remains at the expected level of 3.4%, while core indicators grow rapidly monthly, attracting widespread attention.

In next week's interest rate decision, in addition to CPI data, factors such as the latest PPI values, labor market conditions and rising oil prices will also have an impact. Therefore, after the release of CPI, the market was mainly concerned about changes in the Federal Reserve's interest rate pricing expectations.

This content is based on general market data and does not constitute investment advice. Readers are advised to conduct independent research.

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