Bitcoin steadied on Wednesday, edging up after a closely watched US inflation report came in without a fresh shock.

Bitcoin held above $63,000 on Tuesday in a quiet consolidation, as analysts argued over the crash and AI stocks rebounded while crypto trailed, ahead of Wednesday's inflation data.

The relief rally that lifted crypto off last week's lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay…

Bitcoin slid 2.85% to about 61,500 on Tuesday as its weekend bounce unwound, falling in lockstep with gold and tech stocks while traders braced for Wednesday's inflation report.

May CPI ran hot on energy and cooler underneath, lifting majors on Thursday, though ether and the large alts are still down 6% to 8% over seven days.

Bitcoin steadied on Wednesday, edging up after a closely watched US inflation report came in without a fresh shock.

Bitcoin jumped above $63,000, shaking off a hot May PPI print. Discover how global markets defied the latest macro and geopolitical risks.