Bitcoin (BTC) surged past $85,000 on Friday after softer-than-expected inflation data lifted risk assets across the market.
The Consumer Price Index (CPI) for April showed a moderate increase of 0.3%, which was below analyst expectations of 0.4%.
This news sparked a broad rally in risk assets, with Bitcoin leading the charge as it broke through the $85,000 level for the first time since November 2021.
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