Bitcoin recovers to $61,000 as US stock market rally continues

As U.S. stock prices rallied, Bitcoin also surged nearly 4%, surpassing $61,000 (about 8.96 million yen).
As of 9:25 a.m. on the 14th, Coin, a global coin market relay site,
On the Nashville market cap, Bitcoin is trading at $60,549, up 1.86% from 24 hours ago.
Bitcoin rose to 61,000 just before the 5 a.m. New York market close.
The price surged to $61,572 (approximately 9.04 million yen), surpassing the 1.00 dollar mark. This was due to the fact that the US stock market rose all at once on that day. The Dow rose 1.04%, the S&P 500 rose 1.68%, and the Nasdaq rose 1.00%.
The stock price surged 2.43% each after the Producer Price Index (PPI), released before the market opened, fell short of market expectations, indicating a significant slowdown.
On the same day, the Bureau of Labor Statistics announced that last month's PPI rose only 0.1% from the previous month, far below market expectations (a 0.2% increase).
Year-over-year, it rose 2.2%, again below market expectations of a 2.3% increase. Notably, this is closer to the Fed's inflation target of 2%.
This caused the U.S. stock market to rise in unison. As U.S. stock prices rallied, so did Bitcoin.