Bitcoin Stabilizes at $77,462 Amid US Inflation and Middle East Tensions

BTC traded at $77,462 after falling sharply in early trade but recovering some losses.

US inflation data and rising Middle East tensions put downward pressure on risk assets including BTC.

Riya Sehgal, Research Analyst at Delta Exchange, estimates that the current rebound is constructive, but says $78,000 remains a key test for the price of BTC.

If BTC fails to hold the $77,300-$77,500 area, it could expose recent lows again.