Bitcoin bounced above $71,000 after inflation showed signs of slowing down. The market is recovering after recent losses that reached $8.7 billion. This movement looks quite positive against the backdrop of macroeconomic improvements.

The cryptocurrency fear and greed index has started to rise, indicating a return of investor appetite. When the cryptocurrency fear and greed index moves in a positive direction, it usually signals an improvement in market sentiment. Many traders watch this index as one of the key indicators of the market cycle.

The recovery is happening amid a decrease in inflation pressure, giving central banks more room to maneuver. For crypto, this could mean a more favorable environment in the coming months. It's interesting to observe how the cryptocurrency fear and greed index reacts to macroeconomic data — this often precedes more significant market movements.