Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print CoinDesk

Image for article Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print CoinDesk
News Source : CoinDesk

News Summary

  • Bitcoin (BTC) climbed back to $70,000 Wednesday, reversing its knee-jerk dip
  • BTC slipped nearly 4% to $67,500 during early U
  • S
  • hours after a government report showed the Consumer Price Index (CPI) rising faster than analyst expectations
  • The dip echoed through multiple asset classes, but bitcoin gradually erased all its losses
Bitcoin (BTC) climbed back to $70,000 Wednesday, reversing its kneejerk dip following hotterthananticipated U.S. inflation data for March.BTC slipped nearly 4% to $67,500 during early U.S. hours [+1769 chars]

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