Bitcoin Price Resilience Amid U.S. Inflation Volatility

Bitcoin initially dipped to $67,500 after the US inflation data but rebounded to $70,000, outperforming US equities and gold. Most cryptocurrencies lagged behind, with altcoins like polkadot, bitcoin cash, near, and aptos experiencing declines. Uniswap's governance token plummeted over 10% due to an enforcement notice from the SEC. Analysts attribute the rebound to underlying demand for bitcoin, seeing dips as a buying opportunity, and view bitcoin as insurance against increasing US debt levels and potential inflation.