Bitcoin · Federal Reserve (FED) · Ethereum · Jensen Huang · The Block
Bitcoin (BTC) and ether (ETH) rose after the latest U.S. inflation data
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Bitcoin's price nearly touched $79,000 before settling around $77,800, and ether's price rose above $2,500 as the Consumer Price Index rose 0.4% in August, bringing the 12-month inflation rate to 3.4%, according to the U.S. Bureau of Labor Statistics.
Key facts
- And if CLARITY passes, which most traders are not pricing in, BTC looks set to target $100k, ETH $3k, and SOL $130 and beyond," he concluded
- Bitcoin's price nearly touched $79,000 before settling around $77,800, and ether's price rose above $2,500 as the Consumer Price Index rose 0.4% in August, bringing the 12-month inflation rate
- Solana (SOL) is showing strength as well, and SOL's price is looking to hold above the $100 resistance and target $130
- SOL ETFs have drawn more than $500m in net flows in 2026, and Solana set a record last month with over 5 billion transactions," the analyst said
Summary
Bitcoin (BTC) and ether (ETH) rose after the latest U.S. inflation data, with analysts saying the largely in-line CPI print did little to alter expectations for the Federal Reserve's rate path and left the broader crypto rally intact. Bureau of Labor Statistics. The data gave crypto markets little new information to price into the Fed's September decision, analysts said, leaving Bitcoin and other digital assets more dependent on underlying demand and broader financial conditions than on the CPI print itself.
Sygnum Bank CIO Fabian Dori highlighted the risk that an upside surprise in core inflation could force a repricing of Fed expectations and challenge a Bitcoin rally increasingly driven by institutional allocation rather than speculative leverage.