Bitcoin gets a much-needed boost from increasing optimism about the Federal Reserve’s course to cutting interest rates.
Bitcoin (BTC) passed $64,000 on May 15 as United States core inflation hit three-year lows.
Data from Cointelegraph Markets Pro and TradingView showed local highs of $64,700 for BTC/USD after the Wall Street open.
Bitcoin bulls received a boost from the latest United States Consumer Price Index (CPI) print, which beat expectations in a win for risk assets. Both the S&P 500 and Nasdaq Composite Index hit all-time highs.
