📣 Bitcoin bounces back! After a brief dip to $67,500 due to unexpected U.S. inflation data, Bitcoin (BTC) has climbed back to $70,000, outperforming U.S. equities and gold. Meanwhile, altcoins like polkadot (DOT), bitcoin cash (BCH), near (NEAR), and aptos (APT) have seen a 5%-7% decline.
In other news, Uniswap's token (UNI) has taken a hit, dropping over 10% after receiving an enforcement notice from the U.S. Securities and Exchange Commission.
Reflexivity Research's co-founder, Will Clemente, suggests that U.S. debt levels are more critical than individual CPI readings, and Bitcoin could be an insurance against rising inflation.
What's your take on Bitcoin's resilience and the potential impact of U.S. debt levels? Share your thoughts below! 👇