Volatility Hits Bitcoin at $70K, but Historical Election Data Points to Double-Digit Gains

Bitcoin saw heightened volatility on Thursday, as investors reacted to a U.S. Consumer Price Index (CPI) report showing a 2.4% inflation rate for February. The leading cryptocurrency initially retreated from $70,800 to an intraday floor of $69,264; however, it successfully recouped those losses in a midday rally. Bitcoin Consolidation Following CPI Data Bitcoin ( BTC) []