Bitcoin Surges to $65,000 Amid Softer US Inflation and Crypto Optimism

Bitcoin surged by 4.4% to reach $65,000 on Friday, boosted by softer US inflation data and growing optimism in the crypto market.

The broader crypto market saw a 1.7% gain, contrasting with a 2.9% drop in the Nasdaq stock index, demonstrating the increasing independence of cryptocurrencies from traditional equities.

However, analysts note that low volatility and high leverage in Bitcoin futures may lead to sudden market moves, cautioning investors against getting caught off guard.

The progress on the CLARITY Act, a proposed US Senate bill aimed at regulating cryptocurrencies, has improved outlooks for crypto regulation, providing a positive impact on investor sentiment.