Trump Urges Powell to Cut Rates After CPI Miss — How Is Bitcoin Reacting Today?

Bitcoin is trading around $96,470 today, showing renewed strength after navigating a volatile macro backdrop sparked by fresh U.S. inflation data and renewed political pressure on the Federal Reserve.

CPI Data Comes in Below Expectations

According to data released by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year, slightly below market expectations.

More notably, core CPI, which excludes food and energy, increased by 0.2% monthly and 2.6% annually, also undershooting forecasts by 0.1%. The softer inflation print has reinforced expectations that price pressures are continuing to cool, reopening the debate around the timing of interest rate cuts.

Trump Renews Pressure on the Federal Reserve

U.S. President Donald Trump reacted swiftly to the CPI release, once again intensifying his criticism of Federal Reserve Chair Jerome Powell. Trump has repeatedly argued that the Fed has been “too late” in easing monetary policy, and the latest inflation data provided fresh ammunition for his stance.

In a strongly worded statement, Trump urged Powell to cut interest rates meaningfully, reiterating his belief that tighter policy has unnecessarily constrained economic growth. The renewed pressure comes amid heightened political tensions following recent U.S. Department of Justice actions, which Powell reportedly believes were politically motivated.

Bitcoin Volatility Gives Way to Strength

Immediately following the CPI announcement, Bitcoin experienced short-term volatility, fluctuating around the $92,000–$92,500 range as traders digested the data and Trump’s comments. However, momentum has since shifted decisively higher.

As of today, BTC has climbed to $96,470, suggesting that markets are increasingly pricing in the possibility of looser monetary conditions later this year. Despite ongoing geopolitical uncertainty and political noise in the U.S., Bitcoin has shown resilience, continuing to attract capital as both an inflation hedge and a macro-sensitive risk asset.

What Comes Next for BTC?

With inflation easing and political pressure on the Fed intensifying, Bitcoin traders are closely watching upcoming macro signals. Sustained trading above the mid-$90,000 zone could open the door to a retest of psychological resistance near $100,000, while renewed volatility remains likely as markets reassess rate-cut expectations.

For now, Bitcoin’s ability to reclaim and hold higher levels highlights growing confidence that shifting monetary conditions may once again favor crypto assets.

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