The Bitcoin price jumped over $65,500 on Wednesday after US inflation data showed that producer prices fell in June. 

Data from the Labor Department showed that the Producer Price Index posted its biggest decline in 14 months. The PPI, excluding food and energy, fell 0.3% in June, according to Bureau of Labor Statistics numbers. 

Bitcoin’s price was recently trading at $64,943, a 2% 24-hour jump. 

The Bitcoin price has typically surged when signs inflation is cooling emerge as investors then expect a bigger chance of lower interest rates. Crypto, stocks and other “risk-on” assets have in the past done well in a low-interest rate environment. 

Still, the cooling…

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