Bitcoin Surges on Cooler Inflation Data, Fed Decision Looms
U.S. inflation showed signs of cooling in May, with the Consumer Price Index (CPI) coming in flat compared to forecasts of a slight increase. This positive news sent shockwaves through the cryptocurrency market, particularly Bitcoin (BTC), which jumped nearly 4% to $69,400 in the last day. Inflation Eases, Rate Cut Hopes Rekindled: The lower-than-expected inflation…