Bitcoin traded below the $63,000 mark on Thursday despite the latest U.S. CPI data coming in line with expectation. The Consumer Price Index increased 4% in the 12 months through May, the largest gain since April 2023, the Labor Department's Bureau of Labor Statistics said on Wednesday. The cryptocurrency was trading at $62,740 mark.
In the last 24 hours, Bitcoin and Ethereum went up 2% each. Ethereum traded at $1,656 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano gained up to 3% whereas Hyperliquid fell 2%.
