July 2026 CPI Results

Headline CPI-U rose 0.1% month-over-month (MoM) in July, after falling 0.4% in June (U.S. Bureau of Labor Statistics)
Year-over-year, inflation eased slightly to 3.4% from 3.5% (NBC News)
The print matched market expectations (consensus was 3.4% YoY, 0.1% MoM) — so no major surprise
Inflation still outpaces wage growth (3.2%), meaning real purchasing power for US consumers has been eroded for four straight months (NBC News)
Bitcoin's reaction after the release:
About 15 minutes post-release, BTC and other major crypto assets actually dipped slightly (Crypto Times) — a "flat/cautious" reaction since the data matched forecasts with no trading surprise
BTC held in the mid-$63,000s with limited movement in the first 30 minutes after the print, similar to ETH and XRP, which also saw only minor swings (Crypto Times)
Ahead of the release, a leverage flush pushed BTC down to $63,200, before it rebounded to ~$64,130 as roughly $174 million in long/short positions were liquidated
Key resistance now sits at $64,400 and $65,500; support at $63,000–63,200
Bottom line: Since the CPI data came in exactly as expected (not a cooler-than-forecast surprise), the market got no strong catalyst for a breakout. BTC remains stuck in a $63K–$64.5K consolidation range, awaiting the next signal — likely from the Fed's September rate decision.