Bitcoin Edges Higher as Prospect of Immediate U.S. Rate Rise Dims -- Market Talk

0721 GMT - Bitcoin rises slightly after Wednesday's U.S. inflation data caused markets to trim odds of the Federal Reserve raising interest rates in September. The data showed inflation eased to 3.4% in July from 3.5% in June and core inflation decelerated to 2.5% from 2.6%. The data met forecasts but still marked two consecutive "relatively encouraging" core inflation reports and, combined with last week's weaker employment data, leaves less pressure on the Fed to act immediately in September, Deutsche Bank analysts say in a note. However, markets are still fully pricing a 25 basis-point rate rise by year-end, they say. Ongoing Middle East tensions also argue for continued caution. Bitcoin rises 0.5% to $63,833, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 13, 2026 03:21 ET (07:21 GMT)