bitcoin claws back to $70,000 after $8.7 billion wipeout
Bitcoin BTC$69,210.75 has clawed its way back above $70,000, recovering from a sharp drop near $60,000 earlier in the month. The cryptocurrency is up nearly 5% in the last 24-hour period, while the broader CoinDesk 20 (CD20) index rose 6.2% in the same period. The rebound comes as investors react to a cooler-than-expected U.S. inflation…