US consumer price inflation decelerated more rapidly than anticipated in June, falling to an annual rate of 3.5% from 4.2% in May.
The data, released by the Bureau of Labor Statistics, signals a meaningful easing of price pressures and has immediately reshaped market expectations for Federal Reserve policy.
The move represents a decisive break from the recent consolidation phase, where the asset had tested support near $58,000 amid intense selling pressure earlier in the week.
The softer inflation print triggered a broad repricing across risk assets, with digital currencies leading the charge.
Bitcoin surged past the $60,000 threshold, marking its most robust single-day advance in three months.
The move represents a decisive break from the recent consolidation phase, where the asset had tested support near $58,000 amid intense selling pressure earlier in the week.
Traders are interpreting the June CPI data as a positive catalyst for liquidity-sensitive assets.