Bitcoin surges on $650 million short squeeze, passing $76,000 as US inflation numbers fuels risk asset rally

Bitcoin climbed to its highest level since the early-February sell-off after US producer prices went up, but rose less than economists expected, in March, with easing oil prices and stronger equity markets adding to the rebound in risk assets. According to CryptoSlate’s data, Bitcoin surged past the $76,000 mark during early US trading hours, with the broader crypto ecosystem adding around $110 billion billion to its…