$BTC In the last 24 hours, Bitcoin (BTC) has shown notable price action, reflecting continued market volatility. After briefly dipping below the $68,000 mark, BTC rebounded and is now hovering around $70,000, showing resilience amid broader market fluctuations. Trading volume has spiked, indicating increased interest and activity from both retail and institutional investors. This movement comes amid ongoing anticipation of regulatory developments and macroeconomic signals, including U.S. inflation data and Federal Reserve commentary. On-chain data also shows a rise in wallet activity and accumulation by long-term holders, suggesting confidence in BTC's long-term trajectory. Stay tuned, as Bitcoin's price momentum may hint at a potential breakout or further consolidation in the short term.
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