Bitcoin and Ethereum Surge as Cooler Inflation Data Sparks a Broad Market Rally
A softer-than-expected PPI report sent Bitcoin toward $65,000 and Ethereum to $1,890, while the S&P 500 and Nasdaq climbed on tech strength and oil extended gains on Middle East tensions.
Bitcoin's Breakout Toward $65,000: How a Cooler-Than-Expected CPI Report Reignited the Rally
A cooler-than-expected June CPI report sent Bitcoin surging toward $65,000, while spot ETFs snapped an 8-week outflow streak with fresh institutional inflows. Ethereum and XRP joined the rally. Here's what's driving the move and what to watch next.