🚀 Bitcoin (BTC) briefly rocketed to a one-week high of $59,516 on July 11, following a US Consumer Price Index (CPI) report showing inflation slowing more than expected. Both crypto and US stock markets reacted positively to the news. However, the BTC price increase was short-lived, quickly erasing the initial $1,000 gain. Crypto traders are keeping a close eye on the $60,000 mark, viewing it as a key resistance level. Meanwhile, the market mood remains cautious as the distribution of coins from the defunct Mt. Gox exchange begins. So, buckle up, crypto enthusiasts! It's another rollercoaster ride in the world of Bitcoin! 🎢