Bitcoin Soars to $112,000 Amidst Soft Inflation Data; S&P 500 Achieves New Record High

Bitcoin experienced a surge, reaching $112,000 following the release of softer-than-expected US Consumer Price Index (CPI) data. This inflation relief also propelled the S&P 500 to a new all-time high, signaling increased optimism for risk assets and potential shifts in Federal Reserve monetary policy.