Bitcoin hovered around $71,000 after the latest US inflation data came in line with expectations, calming volatility across risk markets. The Federal Reserve’s preferred inflation gauge, the PCE index, showed no surprises — signaling stability but also a lack of immediate catalysts for a breakout.

Markets are now shifting focus to upcoming CPI data, which could reflect the economic impact of recent geopolitical tensions, including the US-Iran conflict. For now, Bitcoin remains range-bound, with traders waiting for clearer signals on inflation trends and potential Federal Reserve policy moves.