Bitcoin Rebounds to $70,000 Amid Cooling Inflation Signs

Bitcoin's price has recovered to $70,000 after a significant market loss of $8.7 billion. According to NS3.AI, this rebound comes as inflation shows signs of cooling. Despite the price recovery, market sentiment remains cautious, with the Crypto Fear & Greed Index still indicating 'extreme fear.' This suggests that investors continue to be concerned about the underlying market conditions.