$BTC After a brief correction, when Bitcoin ($BTC) dropped below the $66,000 mark, the leading cryptocurrency made a strong leap, recovering to the $70,000 level. This recovery reflects new investor confidence, fueled by data showing a decline in inflation and a softer tone from the U.S. Federal Reserve regarding potential interest rate adjustments.

Blockchain data shows an increase in accumulation among both retail and institutional wallets, indicating a growing belief in BTC's long-term potential. Meanwhile, positive inflows into Bitcoin ETFs and rising demand in global markets continue to support the upward momentum.