Bitcoin rebounds on flat US CPI as oil price cools on 400M barrel release

Bitcoin price reacted positively as US CPI inflation conformed to market expectations, as traders stayed in wait-and-see mode.

Bitcoin (BTC) broke back above $70,000 around Wednesday’s Wall Street open as US inflation data soothed anxious markets.

Key points:

Bitcoin bounces around a narrow range as US inflation data offers a modest tailwind.

Read more