One day after the release of U.S. inflation data (CPI), Bitcoin surged above $65,000 and maintained much of its momentum. This has led to renewed capital inflows into cryptocurrency funds.

At the time of writing, the leading cryptocurrency is trading around $65,340, up 2% over the past day.

Hourly chart of BTC/USDT on Binance. Source: TradingView.

In June, the annual inflation rate in the U.S. slowed from 4.2% to 3.5%, against a forecast of 3.8%. The core CPI, which excludes food and energy prices, decreased from 2.9% to 2.6%.

On a monthly basis, consumer prices fell by 0.4%—the largest drop since April 2020—primarily due to lower energy costs.

The price of Bitcoin reacted to the CPI release, jumping from $62,000 to $64,900 within minutes.

Ethereum's price also rose by over 4% to $1,933 following the data release. According to analyst Darkfost, within the first hour after the announcement, Binance saw $1.2 billion in taker buy volume. Increased activity was also noted on OKX ($23.6 million) and Deribit ($15 million).

ETH Jumped +4% as Cooler Than Expected U.S. CPI Cools Rate Hike Bets

“Within the first hour following the announcement, $1.2B in taker buy volume flowed into Binance, pushing ETH sharply higher.” – By @Darkfost_Coc pic.twitter.com/QYhit2TVKq

— CryptoQuant.com (@cryptoquant_com) July 15, 2026

The expert noted that the increase was driven by a surge of buyers in the derivatives market. He stated that the price movement is speculative and has not yet established a sustainable trend. Traders continue to monitor news to capitalize on high volatility.

After the data release, new Fed Chair Kevin Warsh testified before the House Financial Services Committee. He highlighted the impact of AI on the economy, calling the technology a disinflationary factor. However, Warsh emphasized that the regulator is not yet ready to declare victory over inflation and did not signal a rate cut.

“Some may look at today’s data and say: ‘Mission accomplished, everything is great.’ I do not see it that way,” he stated.

The probability of a rate hike at the meeting on July 28-29 dropped from approximately 42% to 12.3%.

Source: CME Fed Watch.

On July 14, net inflows into spot Bitcoin ETFs totaled $181 million, with the majority ($139 million) coming from BlackRock's IBIT. This trend reversal occurred after an outflow of $425 million the previous day.

Source: SoSoValue.

Ethereum funds attracted $58.34 million, entirely driven by BlackRock's ETF, while other funds showed no significant movement.

Source: SoSoValue.

Since the beginning of July, periods of inflow and outflow in exchange-traded funds have alternated every few days without a clear direction.

Recall that on July 8, the price of the leading cryptocurrency fell to around $61,700 following renewed tensions between the U.S. and Iran.