Although consumer prices rose in May at their fastest annual pace since 2023, Bitcoin and other cryptocurrencies turned higher.

US inflation hit 3.8% in April 2026, a three-year high, with forecasters warning it could top 4%. Bitcoin holds above $80K as the Fed freezes rate cuts.

Rising gasoline prices are expected to push US CPI to 4.2% in May 2026, potentially the fastest inflation since April 2023, pressuring crypto markets.