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.

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.