TREE NEWS reports: US August core CPI rose 0.3% month-on-month, above the 0.2% expected, reinforcing expectations that the Federal Reserve will raise rates next week. Bitcoin traded near $78,600, up 1.5% in 24 hours. 21Shares senior crypto research strategist Matt Mena said bitcoin has averaged a 2.13% gain in the 30 days after core CPI came in above expectations. Risk Dimensions CIO Mark Connors said rising Treasury yields alongside stronger bitcoin and gold signal concerns beyond the Fed’s rate path.
Bitcoin Trades Near $78,600 as Core CPI Beats Forecasts, Fed Rate Hike Expected
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AI take
The notable detail is not the CPI miss itself but bitcoin's muted reaction to it — a hot print that cements a rate hike next week and still leaves the asset higher on the day. The strategist cited here frames that as a recurring pattern rather than a one-off, while the CIO's point about rising Treasury yields alongside firmer bitcoin and gold suggests the bid may be less about rate expectations than about something broader. Whether that divergence persists past the Fed meeting is the open question.
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