US consumer inflation cooled more than expected in June, with gas prices falling, and this development has led to a surge in bitcoin's price, which is nearing $65,000. The cooldown in inflation has also impacted expectations for fed rate hikes and has sent asia-pacific stocks higher. The extent of the inflation cooldown is reported to be around 0.4%, the biggest drop since 2020, although the overall impact on the economy and markets is still unfolding.