The cryptocurrency market ushered in a strong rally Wednesday, following lower-than-expected retail inflation data. What Happened: Bitcoin soared past $66,000 for the first time in three weeks, lifting more than 7% in the last 24 hours. The second-largest cryptocurrency, Ethereum, followed suit, breaking $3,000 following gains of nearly 5%. The rally brought commotion to the market, triggering liquidations worth more than $150 million in the last 24 hours. Short liquidations surged past $110 million. The surge boosted speculative interest, with Open Interest for Bitcoin Futures reaching a one-…
