#CPIWatch Breaking: U.S. CPI Cools, $BTC Surges Past $111K

U.S. inflation came in below expectations at 3% YoY, raising hopes for more Fed rate cuts this year. Bitcoin jumped above $111,000 following the data release, as traders priced in another 25 bps cut at next week’s FOMC meeting.

The softer CPI, released despite the government shutdown, reinforced market optimism and extended the crypto rally already fueled by news of a potential Trump–Xi meeting.