Price Prediction
Bitcoin Rebounds Above $82K After Inflation Report
Bitcoin staged a rapid recovery on Thursday, climbing back above $82,000 after a brief dip below $80,000. The price rebounded from a morning rout, with the market cap near $1.65 trillion. The recovery was attributed to the release of hotter-than-expected U.S. inflation data, which had initially sent the cryptocurrency tumbling from $84,000 to $82,700. Despite the volatility, Bitcoin was only marginally higher than it was 24 hours earlier, leaving its market capitalization almost unchanged at just under $1.65 trillion.