Bitcoin rallies to six month highs despite SEC regulatory action on staking and stablecoins, on top of the latest Consumer Price Index of 6.4 percent to indicate inflation is on the way down.
$BTC touched $25,000 in overnight trading before resting at the mid-$24,000 range. Even Ethereum mustered a bullish swing to $1,600, well over the hopes of a $1,500 support. The near 10 percent in Bitcoin gains are likely from $155 million in short liquidations in the last 24 hours.
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