Bitcoin Bounces Back Near $63,400 Amid Slightly Lower US Inflation

Bitcoin's price has stabilized near $63,400 after experiencing volatile intra-day swings between $63,317 and $64,400. This volatility occurred despite a slight easing of US inflation to 3.4%, which provided some support for the market. However, analysts warn that the market remains vulnerable without increased demand.

The recent sell-off linked to Strategy's bitcoin sales appears to have stabilized, with the company's CEO assuring more buying ahead. This news has helped to calm market sentiment, but cautiousness remains as low buyer demand keeps Bitcoin below its $68,700 cost basis.