<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTM0MTEtNjI2YS03MzYzLTk3YjQtODE1YmI4Zjk1OWQ0.jpg" alt="Bitcoin breaks $114K as cooling US PPI data boosts Fed rate cut bets"></p><p>Bitcoin surged past $114,000 as softer-than-expected US PPI data reinforced Federal Reserve interest rate cut expectations.</p>