The crypto market has experienced a significant surge today, with Bitcoin (BTC) nearing the $66,000 mark, Ethereum (ETH) regaining the $3,000 level, and other top altcoins like Solana (SOL), XRP, and Cardano (ADA) recording substantial gains. The rally follows the release of the U.S. Consumer Price Index (CPI) data on Wednesday, May 15, which showed a lower-than-expected increase in inflation.

Bitcoin's price has soared 6.38%, reaching $65,835.21 at the time of writing, with a trading volume spike of 59.83% to $41.96 billion. Ethereum has also rallied 3.69% to $3,009.62, with a market valuation of $361.51 billion and a 29.61% increase in trading volume.

Solana has regained its bullish momentum, climbing 13.33% to $143.90, with a 70.42% hike in trade volume. XRP has inched closer to the $0.52 mark, recording a 3.24% surge, while Cardano has rallied 7.05% to $0.4595.

Among the top crypto gainers today, Floki (FLOKI) stands out with a 10.77% price increase, trading at $0.0002158. Pepe Coin (PEPE) has also seen a 6.10% surge to $0.00001141, and Arweave (AR) has rallied 4.90% to $41.22.

The market's positive sentiment is further reflected in the performance of other cryptocurrencies, such as THORChain (RUNE) and Bonk (BONK), which have also registered massive gains today.

The latest U.S. CPI data, which showed a 0.3% increase in April, lower than the market's estimation of 0.4%, has contributed to the market's optimism. Bitcoin's price has climbed from $62,000 to over $65,000 in response to this news.

The crypto market's rally today underscores the resilience and growth potential of the digital asset space. As investors regain confidence, the market is poised for further gains and increased adoption.