Bitcoin Surges Past $64,000 as U.S. Core Inflation Hits Three-Year Low

On May 15, Bitcoin soared past $64,000, coinciding with the announcement of lower-than-expected core inflation rates in the United States. This significant increase in Bitcoin’s value occurred after the release of the Consumer Price Index (CPI) data, which reflected a positive outlook for risk assets like cryptocurrencies. As a result, Bitcoin reached a local high of $64,700, according to data from Cointelegraph Markets Pro and TradingView. The CPI report for April indicated a month-on-month increase of 0.3%, which was 0.1% below the anticipated figures. This data suggested a decrease in core inflation to its lowest point since 2021, hinting at