Bitcoin trades below the $78,000 level as the US CPI, in line with expectations but with core inflation exceeding forecasts, pushed Fed rate hike probabilities above 85 %. The ECB simultaneously raised rates by 0.25 %, bringing the deposit facility to 2.50 %. In France, the government estimates debt interest payments at 59.3 billion euros for 2026, while Chainalysis values potentially taxable crypto operations at $9.4 billion. The stablecoin market remains locked by the USDT and USDC duopoly, commanding 85 % of a $302.9 billion market.
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