Bitcoin has begun to recover after a brief decline triggered by the latest US Consumer Price Index (CPI) data. On July 15, the asset dropped to a low of $116,000 in response to news that inflation rose to 2.7% in June, amid continued concerns over tariffs from the Trump administration.
As of this writing, Bitcoin is trading at $118,439, reflecting a 1.8% gain over the past 24 hours, which suggests that some investor confidence has returned to the market despite recent volatility.
This short-term rebound occurs amid increasing on-chain and market activity, which analysts are closely tracking. One such contributor, Trader Oasis, recently published an analysis on CryptoQuant outlining various indicators tied to Bitcoin’s current movement.
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