Bitcoin Hits New High of $73K, Pulls Back Then Rebounds Amid Volatility; Crypto Bull Market Seen Continuing Despite Inflation Jitters

• Bitcoin hits new all-time high above $73K before quickly falling 6% to $69K and then rebounding to $71K • Over $360M in crypto derivatives positions liquidated due to volatility • Bitcoin rally showing signs of decreasing momentum according to Matrixport • US inflation rose more than expected to 3.2% in February, potentially impacting Fed interest rate cuts • Volatility unlikely to significantly impact ongoing crypto bull market according to Nansen analyst