Macro EconomyMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read
Bitcoin and Gold Surge as US Inflation Cools to 3.3%
Key Facts
1Bitcoin price topped $85,000 following the release of US inflation data that came in lower than expected.
2The Fed's preferred inflation gauge rose 3.4% year-over-year, coming in below the 3.7% forecast.
Bitcoin price topped $85,000 following the release of US inflation data that came in lower than expected. Updated data showed that the Fed's preferred inflation gauge rose 3.3% year-over-year, which was below the 3.7% forecast.
The cooling inflation data reduces pressure on the Federal Reserve to maintain high interest rates, boosting non-yielding assets like gold and risk assets like Bitcoin. Market sentiment turned bullish immediately after the macro surprise, reflecting a shift in policy expectations.