Live updates: Bitcoin rises past $64,000 after soft inflation data, Warsh testimony

Bitcoin surged past $64,000 following positive inflation data and testimony from former Fed official Warsh, which boosted investor confidence. Meanwhile, renewed tensions in the Hormuz Strait due to Trump's actions pushed oil prices up, temporarily reversing earlier gains for bitcoin from a peace trade trend. This significant rise in Bitcoin's value highlights its increasing role as a hedge against economic uncertainties and geopolitical conflicts. The developments underscore how global economic and political events can dramatically influence cryptocurrency markets.