Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout

Bitcoin has made a significant recovery, rebounding to reach $70,000 as inflation rates show signs of cooling, following a substantial market downturn that resulted in an $8.7 billion loss in value. This resurgence comes as investors react to the latest economic indicators, which suggest a moderation in inflation, potentially restoring confidence in the cryptocurrency market after the recent turbulence. source: https://www.coindesk.com/markets/2026/02/14/bitcoin-claws-back-to-usd70-000-on-cooling-inflation-after-usd8-7-billion-wipeout