Crypto
Bitcoin Surges Past $79K on CPI Report, Eyes Fed Rate Decision
The US Consumer Price Index (CPI) report for August 2026 showed a 3.4% year-over-year increase, while core inflation rose 0.3% month-over-month.
Bitcoin responded with an intraday gain exceeding 3% on Friday, September 11, touching highs near $79,837 on platforms such as Bitstamp.
The price of Bitcoin reclaimed the $79,000 level after touching an earlier low of $76,040, as figures broadly aligned with market forecasts.
Despite the rally in risk assets, sovereign bond markets exhibited heightened volatility, with the 30-year Treasury yield surging to 22-year highs before pulling back toward 5.309%.