Bitcoin climbs to $64,700 as softer US inflation eases US Fed rate hike concerns

Bitcoin climbed about 3.56% to around $64,700 while Ethereum rose 5.30% to near $1,875 after softer-than-expected US inflation data eased concerns about further Federal Reserve rate hikes. Global crypto market capitalisation gained 3.2% to $2.22 trillion, with altcoins including BNB, XRP, Solana, and Dogecoin rising up to 6.42%, though the crypto fear and greed index remains low at 34. Upcoming catalysts include the US producer-price report, Fed Chair Kevin Warsh's Senate testimony, and the July 28-29 Fed policy meeting.