Following the recent U.S. Consumer Price Index (CPI) inflation report, Bitcoin, the top-ranked digital asset by market value, saw a significant rise. It surged by 7%, rebounding from a low beneath $59,000 on Thursday. This move defied the week’s pattern of Bitcoin shedding its profits during U.S. market hours.

In the last 24 hours, Bitcoin has shown a robust performance, increasing by 5.5%. This impressive rally outdid the overall CoinDesk 20 Index (CD20), which only managed to climb by 4.7%.

For those with a keen interest in investment opportunities or simply an enthusiasm for cryptocurrency trends, this recent surge of Bitcoin’s price not only signifies the volatile nature of digital currencies but also the potential for substantial returns. However, it’s essential to note that the primary focus of this article is not to advise on investment but to keep readers informed about the latest developments in the world of cryptocurrency.