The U.S. consumer price index rose 3.4% in July from a year earlier, easing from 3.5% in June, the Bureau of Labor Statistics reported on August 12. The reading matched economist expectations. On a seasonally adjusted monthly basis, the CPI-U rose 0.1% in July after falling 0.4% in June. Bitcoin traded near $64,000 following the release.
U.S. Bureau of Labor Statistics (via CoinDesk / Forex Factory)