Bitcoin Rallies on Cooling Inflation, Eyes New Highs Bitcoin surged 6% to $66,300, breaking its stagnation and crossing above the key 50-day moving average, spurred by optimism over cooling U.S. inflation that also lifted the S&P 500 and other stock indices to record highs. This bullish move, alongside potential macroeconomic shifts and inflows to new Bitcoin ETFs, fuels optimism for a return to Bitcoin’s March highs. Other cryptocurrencies like Ether, Solana, and memecoins also saw significant gains, indicating a broader market uplift. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE Crude Futures Decline as Israel Holds Back from Retaliating Against Iran READ MORE India's Gold Demand Climbs 8% in Q4 Despite High Prices, WGC Reports READ MORE Jackson Hole Symposium: Powell's Speech to Signal Fed's Rate Cut Strategy READ MORE US Treasuries Boom: Paying Out $2 Million Per Minute Amidst Rising Yields READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment