Crime & Justice
Bitcoin Surges Past $64,000 on US Inflation Slowdown
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Bitcoin Surges Past $64,000 on US Inflation Slowdown
Bitcoin rose to its highest level in over three weeks after US inflation data came in below market expectations.
- Bitcoin rose 3.7% to $64,938.10, briefly touching $65,055, its highest since June 22, 2026.
- Ethereum and other major cryptocurrencies also gained, with Ethereum up 5.8% to $1,886.86.
- US consumer price index data showed inflation slowing more than forecast, easing fears of an imminent Federal Reserve rate hike.
- Federal Reserve Chair Kevin Warsh reiterated the central bank's commitment to returning inflation to its 2% target during congressional testimony.
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