Bitcoin Surges Past $69K Following Weak US CPI Data

Bitcoin rallied to $69,000 as US CPI numbers showed softer inflation, sparking hopes for a stronger price trajectory despite low Fed rate-cut expectations.

Bitcoin enthusiasts experienced a significant uptick as the cryptocurrency soared to $69,000, driven by recent US Consumer Price Index (CPI) statistics that indicated softer inflation rates. This financial data has fueled optimism among traders that Bitcoin might establish a "higher low" in its price movement.