Live markets: Bitcoin climbs back to $80,800 as U.S. stocks bounce into the close

60-second summary

Bitcoin surges to $80,800 as U.S. stocks rebound into the close, shrugging off a three-year high inflation rate revealed in this morning's Consumer Price Index report, where prices rose 4.1% in April, exceeding expectations. The inflation data has sparked a mixed market reaction, with some investors seeking safe-haven assets like Bitcoin, while others focus on the economic implications.