Bitcoin jumps to $68K after cooler CPI boosts June cut odds
Bitcoin bounces to $68K after softer CPI fuels rate cut hopes, while Coinbase posts $667M loss and Armstrong sells $545M in stock.
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Bitcoin bounced off the $65K level Friday morning after softer-than-expected US inflation data revived hopes for a June rate cut. The CPI print came in below estimates, pushing odds of a 25bps cut to 50%, a noticeable shift from just weeks ago. BTC rose back to $68K, but the move felt more like a relief bounce than a reversal. Traditional markets remain on edge, with the S&P 500 and Nasdaq flat and hanging at critical levels.
Meanwhile, Coinbase investors were digesting a brutal earnings report, a $667M net loss, and a stock dump trail from CEO Brian Armstrong totaling over $545M in sales over the past nine months. Shares initially dropped, but reversed on Friday with a 13% rally as full-year growth metrics gave bulls something to hold on to.
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Bitcoin bounces to $68K after CPI cools
Bitcoin bounced back to $68K on Friday after January’s CPI came in softer than expected. Headline inflation rose 2.4% year-over-year, while core CPI was up 2.5%, both slightly below forecasts. Traders quickly revised their expectations, with odds of a 25bps rate cut in June rising to 50%.
Still, the bounce comes after BTC briefly touched $65K and remains under pressure as TradFi markets show signs of weakness. ETH reclaimed $2K, SOL jumped to $80, and XRP hit $1.40. Gold rebounded to $5K, while silver remains stuck near $80.
Coinbase posts $667M loss as Armstrong’s $545M stock sell-off draws scrutiny
Coinbase reported a $667 million net loss for Q4 2025 as trading volumes declined and strategic investments turned sour. Revenue dropped 5% from the prior quarter to $1.8 billion, with transaction income and subscriptions both slipping. At the same time, VanEck’s Matthew Sigel posted data showing CEO Brian Armstrong has sold more than $545 million in stock over the past nine months.
Armstrong’s largest single-day sale was in June 2025, offloading 336K shares, with his last recorded sale in January. The Bloomberg Billionaires Index noted Armstrong’s net worth has dropped by $10 billion since its $17.7B peak. Still, full-year figures impressed: Coinbase processed $5.2 trillion in trading volume (+156% YoY), subscriptions grew fivefold since 2021, and paying users tripled. After sliding post-earnings, Coinbase stock rebounded 13% Friday to $159.
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