Bitcoin Holds Above $70K as Traders Bet on Fed Rate Cut
- Bitcoin remains above $70K as Asia begins trading
- Trader says BTC pricing in 2 Fed rate cuts for 2024
- Market recovered quickly after higher-than-expected CPI data
- Slowing GBTC outflows could be positive sign for BTC price
- On-chain data shows GBTC outflows at $18M, lowest since BTC ETF launch
