Core CPI: Hits 2.4% Low as Bitcoin Rallies

Core CPI printed at 2.4 percent, the lowest level in 66 months, driving simultaneous gains in Bitcoin, stocks, gold and silver even as headline CPI held at 3.4 percent from the Iran war oil shock. The yearly core trend shows steady cooling in shelter and services, giving risk assets room to bet on steady or lower Fed rates later this year. Rate markets instead focused on the hot 0.3 percent monthly supercore print and lifted hike odds to 85 percent ahead of the September 17 decision, creating a direct clash between trend and momentum data that shapes Bitcoin price prediction models and broader crypto market trends under current Fed policy impact.