Bitcoin Price Rises as US Consumer Inflation Comes in Lower Th | Crypto Shake

Bitcoin Price Rises as US Consumer Inflation Comes in Lower Than Expected

Bitcoin's (BTC) short liquidations surged to over $28 million in the past 24 hours as the price rallied above $69,000. This rally led to $48 million in liquidated Bitcoin positions and $198 million across the wider cryptocurrency market. The surge followed U.S. inflation data showing a lower-than-expected year-over-year CPI increase of 3.3% for May, compared to the anticipated 3.4%.