The dip echoed through multiple asset classes, but bitcoin gradually erased all its losses, and was up over 1% over the past 24 hours, outperforming U.S. equities and gold, both of which finished with sizable declines for the day. At press time, bitcoin had slipped a bit from the $70,000 level, trading at $69,800.
![Bitcoin Rebounds to K, Shrugging Off Hot U.S. Inflation Print Bitcoin Rebounds to K, Shrugging Off Hot U.S. Inflation Print](https://www.coindesk.com/resizer/H1k-dz5XL-1Ga5PsP98HJWm6bbQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4YFQGPUD2FBFFO6UYIXJLWNJVU.jpg)