Bitcoin Experiences Volatility Amid Mixed Inflation Data

Cryptocurrency market reacts to varying inflation reports and investor sentiment shifts.

Bitcoin's price fluctuated, reaching above $64,000 before dipping below $62,000.
Higher-than-expected wholesale prices dampened expectations for a Federal Reserve rate cut.
Major banks disclosed investments in Bitcoin ETFs, boosting market sentiment temporarily.
Social media activity, including posts by 'Roaring Kitty,' spurred a meme coin rally.
Analysts predict potential for significant price movements as Bitcoin remains rangebound.