Bitcoin Has Best Day in 2 Months as Markets Anticipate a 'Summer of Easing'

Bitcoin (BTC) surged over 7.5%, propelled by U.S. data hinting at Fed rate cuts and expected BOE and ECB moves, reflecting sensitivity to major central banks' monetary policies.

U.S. data revealed CPI below expectations, with core CPI and retail sales growth hinting at economic softness, leading to expectations for a Fed rate cut in September and BOE and ECB rate cuts in June.

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