Bitcoin hits ₱4,382,257 ($73,111) as US core inflation slows to 0.2%
Bitcoin and Ethereum rallied after US core inflation data showed prices increased just 0.2% for the month, signaling a potential slowdown in the world's largest economy.
Key Takeaway
Cooling inflation gives crypto bulls hope that central banks might ease policy in late 2026.
Bitcoin climbed above ₱4,375,604 ($73,000) following US core inflation data that showed prices increased just 0.2% for the month, signaling a potential slowdown in the world's largest economy.
Kraken Chief Economist Thomas Perfumo said the print is more a reason for cautious optimism than alarm, noting that a broader inflationary impulse is shrinking. Bitcoin hit ₱4,382,257 ($73,111) per coin before pulling back to ₱4,348,571 ($72,549), according to CoinGecko data.
Ethereum followed the rally, reaching as high as $2,250 per coin before settling at $2,226. Bitcoin rose more than 2% over the 24-hour period and is up nearly 9% over the past week.
Altius Labs Chief Operating Officer Angie Malltezi said funding in perpetual interest was increasing, showing that bulls are still positioning for a breakout. CoinShares Head of Research James Butterfill told DL News that a short squeeze, combined with more buying from whales, led to the increase in Bitcoin and Ethereum prices.
The rally came as US President Donald Trump announced a ceasefire with Iran on Tuesday, with peace talks scheduled for this weekend. If inflation continues to decelerate in the second half of 2026, Perfumo said that would preserve policy optionality for central banks, which could be a tailwind for risk assets like Bitcoin.
This article was written based on reporting from Dlnews.
