Crypto rallies toward $65,000 as softer inflation data eases rate fears

On 15 July, major cryptocurrencies gained as traders trimmed their near-term rate-hike bets and Japan passed new digital-asset regulation. Bitcoin rose about 0.6% to $64,940, Ethereum climbed 2.6% to $1,923, and Solana added 0.3% to $77.35.

The move followed a softer inflation reading that shifted expectations for Federal Reserve policy. High interest rates make yields on safer assets like Treasuries more attractive and tend to squeeze riskier assets — so any sign of easing usually lifts crypto.

Japan's passage of a clearer digital-asset framework added a regulatory tailwind, reinforcing a more constructive mood across the market.

Why it matters

For a market that spent late June in one of its most fragile stretches since the post-FTX cycle, a cooler inflation print offers a reason for cautious optimism — though analysts warn sentiment can turn quickly on the next data release.

Based on reporting by The Motley Fool · read the original.