Bitcoin Hits $65.5K After Surprise Inflation Data

Bitcoin surged to $65,500 today, marking its strongest performance since late June. The jump comes after the latest US Producer Price Index data gave investors a second surprise look at inflation trends this week. The price action signals renewed optimism as the market digests the newest macro figures.

This movement follows a broader trend where US economic data releases continue to trigger sharp reactions in crypto markets. Traders are paying close attention to these numbers to predict future interest rate shifts. Bitcoin remains sensitive to these updates because they impact overall risk appetite across the financial landscape.

Market participants are now watching to see if Bitcoin can hold this support level or if the gains will invite profit taking. For now, the momentum has shifted toward the bulls as the asset tests resistance points that have held steady since early summer.