Bitcoin climbs to $64,700 as softer US inflation eases US Fed rate hike concerns

Bitcoin rebounded to around $64,700 after softer-than-expected US inflation data weakened the dollar and eased concerns over near-term Fed rate hikes. Ethereum outperformed with a 5.3% gain, while the broader crypto market rose 3.2% to $2.22 trillion as investors tracked key macroeconomic and Fed policy cues.

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