Bitcoin rebounded above $70,000 after cooler-than-expected U.S. inflation data boosted risk appetite. 📈
Despite the recovery, market sentiment remains fragile. The Crypto Fear & Greed Index is still in “extreme fear,” reflecting ongoing anxiety among investors.
Key highlights:
• Bitcoin is up nearly 5% in 24 hours
• $8.7B in $BTC losses realized last week, signaling possible capitulation
• Inflation data raised hopes for earlier rate cuts
• Fear-driven selling pressure still present
Overall, price recovery is visible, but confidence has not fully returned yet.
DYOR and manage risk carefully.