Bitcoin Above $70,000

Bitcoin has risen back above $70,000 after dropping to $67,000 the previous day following the release of US inflation data, which turned out to be weaker than analysts’ forecasts.

During trading on Wednesday, April 10, the leading cryptocurrency lost nearly 4%. The decline in the token was triggered by the release of March inflation data in the US. Consumer prices rose by 3.5% year-over-year last month. Economists had expected an annual increase of 3.4%.