Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally


BTC climbed to its highest price since April 24, while Solana’s SOL and NEAR led crypto gains. Bitcoin could target the $84,000 level with altcoins performing well, Swissblock said.

Crypto markets rallied with Wednesday’s as softer-than-expected U.S. inflation data jolted digital assets from their stupor.

Bitcoin (BTC) surged past $66,000 for the first time since April 24, and was recently up more than 7% over the past 24 hours. Ether (ETH) changed hands near $3,000 but underperformed with a 4% advance during the same period.

Solana (SOL) and near (NEAR) led gains among crypto majors with 8% and 12% jumps,

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