Bitcoin benefits from a goldilocks macro setup where core inflation cooled to 0.2% versus 0.3% expected, reducing Fed tightening pressure, while energy-driven headline inflation at 0.9% maintains the store-of-value narrative. The dollar weakened on dovish CPI implications, supporting risk assets including Bitcoin. Iran's potential Bitcoin toll requirements add geopolitical utility to the monetary debasement thesis.

Bitcoin decoupled positively from traditional risk assets today, gaining 1.35% while the S&P 500 declined 0.11%, suggesting institutional positioning treats BTC as a macro hedge rather than pure risk asset.