Bitcoin (BTC) price rebounded to $70,000, overcoming hot inflation in the United States.

The decline reverberated through several asset classes, but Bitcoin gradually clawed back all losses and rose more than 1% in the last 24 hours, outperforming US stocks and gold, both of which ended the day significantly lower. At press time, Bitcoin was trading at $69,800, down slightly from the $70,000 level.