Bitcoin Rebounds To $70K Despite Negative CPI Report

Bitcoin Rebounds To $70K Despite Negative CPI Report

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Source: TheMerkle.com

Bitcoin has surged back to the $70K mark, marking a significant rebound, even amidst a negative US Consumer Price Index (CPI) report indicating a 3.5% inflation rise in March. 

This unexpected inflation increase initially led to a drop in equities markets, but the crypto markets displayed resilience, recovering well after Bitcoin briefly dipped to $67.5K just before the CPI results were announced.

🇺🇸💸 The US #ConsumerPriceIndex report has come out,

Read More https://themerkle.com/bitcoin-rebounds-to-70k-despite-negative-cpi-report/

The post "Bitcoin Rebounds To $70K Despite Negative CPI Report" appeared first here TheMerkle.com.

Source: TheMerkle.com

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