Bitcoin (BTC) hits $66k as inflation slows in the US

The course from Bitcoin (BTC) outdated 66,500 dollars in the wake of the publication of lower figures than planned on theinflation at United States.

On Wednesday, the overall cryptocurrency market advanced as US inflation slowed slightly in April after rebounding in the first quarter of 2024.

Measured year-on-year, inflation fell from 3.5% to 3.4%, reported AP. And the core inflation indicator, which excludes volatile food and energy costs, reached its lowest level in 3 years.

On Thursday night, the price of Bitcoin (BTC) briefly exceeded $66,500, a level not seen for almost a month, before retreating below $66,000. This morning, the token is up 6% over 24 hours at $65,800.

Bitcoin (BTC) 24-hour price – CMC

Among the best-performing assets on the crypto market are Fantom (FTM) and Sei (SEI), which have gained 25% and 20% respectively over the past 24 hours. Runner-up Ethereum (ETH) has seen its price rise by 3.8% over 24 hours to around $3,000.

U.S. spot ETFs on Bitcoin recorded notable inflows of over $300 million yesterday, according to data provided by Sosovalue.

Flows in Bitcoin spot ETFs since their launch

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