Crypto Market Today, July 14: Ethereum Soars 6% on Cooler Inflation Data
Today, July 14, 2026, softer CPI eased Fed tightening expectations, triggering a broad crypto rebound after earlier rate-hike jitters.
Overview
As of early evening on July 14, Bitcoin (CRYPTO:BTC) rose 3.8% to $64,434.55, Ethereum (CRYPTO:ETH) rose 6.1% to $1,874.98, and Solana (CRYPTO:SOL) rose 2.8% to $76.97.
Crypto sentiment improved on news of slowing inflation, which means the Federal Reserve is less likely to raise interest rates at its next meeting. The Consumer Price Index fell 0.4% in June, reflecting lower energy costs, and markets shifted because high interest rates pressure cryptocurrency prices. Separately, the U.S. government's transfer of $288 million in seized Bitcoin and Ether to Coinbase Prime kept both networks in the policy spotlight.
Details
The reaction to the lower-than-expected inflation shows how important interest rates are for the crypto industry. Yesterday, Bitcoin faltered on fears that a reescalation of tensions in the Middle East could increase living costs, which would, in turn, make a rate hike more likely. Today, the opposite happened.
Source
Originally published at www.fool.com.