Bitcoin Tops $64,000 on Cooling Inflation

Bitcoin jumped about 3.6 percent to near $64,800 after U.S. inflation cooled more than expected. June headline inflation slowed to 3.5 percent and core inflation eased to 2.6 percent, sharply reducing market odds of a near-term Federal Reserve rate hike. The data lifted cryptocurrencies and global equities as traders rotated back into risk assets.