Bitcoin Eyes $80K as Cooling Inflation Sparks Crypto Rally

The bears had their moment when Bitcoin crashed to the $61,000 mark, but the narrative has flipped aggressively. A softer-than-expected inflation report has injected fresh liquidity into risk assets, sending Bitcoin past $65,349 and breathing new life into the entire market. The local bottom is likely in, and the focus has shifted entirely to major overhead resistance levels.

Live Prices

Prices are a snapshot as of publish time (July 15, 2026). Check the live chart below for where things stand now.

Bitcoin

Bitcoin is trading up 1.05% at $65,349, recovering beautifully after opening near $64,668. This rebound is a direct reaction to the decline in June CPI inflation, which has effectively wiped out the bearish momentum from the recent slide to $61,000. Analysts on TradingView are already setting a new $80,000 target for August, meaning the path of least resistance is firmly to the upside.

Ethereum

Ethereum is stealing the spotlight with a 2.99% surge to $1,930, opening the session near $1,874. The asset has cleared key resistance at $1,850, and bulls are now targeting a swift return to the $2,000 level. Upbeat market calls, including Tom Lee’s prediction of a massive breakout against Bitcoin, are adding fuel to the speculative fire as EthSystems spinout discussions continue to draw attention.

Altcoins Worth Watching

In the broader market, Solana is holding steady at $77.99 with a modest 0.71% gain, keeping its recovery intact. XRP is showing stronger momentum, pushing up 1.86% to sit at $1.13, while Dogecoin has lagged slightly, slipping 0.27% to trade at $0.0746.

What’s Moving Crypto Right Now

• Ethereum Outperforms Bitcoin: ETH grew 2.99% to reach $1,930, fueled by high-profile bullish predictions of a major breakout against BTC.
• XRP Shows Relative Strength: XRP climbed 1.86% to $1.13, outperforming several large-cap alternatives during the broader macro-driven market relief.
• Dogecoin Lags the Market: DOGE bucked the green trend slightly, dropping 0.27% to $0.0746 as capital favored larger utility protocols.

My Read

I think this rally has genuine legs and the recent dip to $61,000 was the ultimate bear trap. My read is that Bitcoin is going to consolidate briefly in the mid-$65,000 range before making a run at $68,000, while Ethereum is primed to breach $2,000 in the next 48 hours. I am heavily biased to the upside here because macro liquidity is finally turning back in our favor.

Frequently Asked Questions

Why is Bitcoin price going up today?

Bitcoin is rising because the latest CPI inflation report came in cooler than expected. This decline in inflation strengthens the macroeconomic case for the Federal Reserve to cut interest rates, which traditionally boosts high-growth risk assets like cryptocurrencies.

Will Ethereum price reclaim $2,000 soon?

Ethereum is currently trading at $1,930 after a strong 2.99% daily gain. With the CPI-induced breakout pushing ETH past the key $1,850 resistance level, momentum is heavily favor of bulls reclaiming the $2,000 level very soon.

Can Bitcoin hit $80K by August?

Following the CPI relief rally, analysts on TradingView have established a new $80,000 target for Bitcoin in August. While this requires sustained buying pressure, clearing the $65,000 hurdle makes higher targets realistic.