Bitcoin Surges Past $67,500 Amid Renewed Investor Optimism

Spot ETFs see significant inflows as market reacts to favorable CPI data and potential rate cuts.

Bitcoin spot ETFs recorded a $101 million net inflow, led by Fidelity’s $50.6 million and BlackRock’s $15.6 million.
Bitcoin's price hit $70,000 before settling at $67,300 following softer-than-expected inflation data.
Federal Reserve's interest rate projections and CPI figures have influenced recent market movements.
Analysts maintain a bullish outlook on Bitcoin, citing historical trends and potential future rate cuts.
Despite recent gains, Bitcoin, Ethereum, and Dogecoin faced short-term setbacks due to hawkish Fed guidance.