from ZeroHedge:

After kneejerking lower by over $4,000 after yesterday’s hot CPI print, bitcoin has recovered all those losses and then some, to top a fresh record high of $73,600 this morning…

“Bitcoin wiped out overleveraged longs, retested the 2021 cycle high & then bounced back to $72,000,” popular trader Jelle summarized on X, adding that the landscape was now “looking good” for upside continuation.