Bitcoin Climbs as Inflation Holds at 3.4% Before Fed Rate Call

The split between headline CPI holding steady and core cooling on an annual basis, while the monthly core print stayed hot, is the tension driving this move. Crypto is rallying into a Fed decision where rate-hike odds sit near 62%, meaning the market is leaning toward tightening yet still bidding risk assets — a divergence worth noting. The open question is whether that resilience holds once the Fed's actual call lands, or whether positioning unwinds if the hike materializes.