Crypto Rallies as CPI Matches Forecasts, Bitcoin at $79K

Stocks jump after oil prices ease and an inflation update comes in near expectations

U.S. stocks rebounded and clawed back much of their losses for the week after oil prices eased off their recent spurt

Bitcoin (BTC) Rallies 3% After CPI Release — But Pullback May Be Ahead, Analyst Warns

Bitcoin jumped 3% to $79K after August CPI matched forecasts, but rising Fed rate hike odds and bond yields may limit further gains ahead.

Bitcoin Hits $79,852 After CPI, Then Slips to $77,917—Why $80,000 Still Matters

Bitcoin came within $148 of $80,000 after the U.S. inflation report, but the first test did not stick. BTC traded at $77,917.11 on Coinbase at 12:02 p.m. ET Friday, up 1.0% from its 24-hour open yet 2.4% below the session high of $79,852.22. The reversal leaves investors with a cleaner question than the initial rally…

Crypto Rallies as CPI Matches Forecasts, Bitcoin at $79K

Bitcoin rose above $79,000 and Ethereum gained 5% after CPI. Markets focused on the in-line headline result despite firmer monthly core inflation.