Bitcoin has turned higher over the past few hours after a two-day decline, as demand for riskier assets increased following the US inflation report that was revealed a while ago.
The largest cryptocurrency rose as much as 3.2% to $69,457, as lower-than-expected inflation data bet bets that the Federal Reserve will cut interest rates this year. Smaller cryptocurrencies such as Ethereum, Solana, and Dogecoin also rose between 3% and 6%.
Bitcoin is resisting to break the 73,000 resistance line, waiting for the final decision. This is an opportunity to put things under control and strengthen the presence, waiting for the big rise.
