Bitcoin Eyes $85,000 Recovery Ahead of U.S. CPI and PPI Inflation Reports
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12 Articles
Bitcoin maintains support at $82,500 before the CPI and US PPI; markets project inflation of 3.7% in the year
Bitcoin Started the Week Cautiously: Constrained by a Stronger Dollar and Rising US Treasury Yields.
According to ChainCatcher, citing CoinDesk, the market started the week cautiously due to a stronger dollar and rising US Treasury yields. Bitcoin traded above $83,000, while gold hovered around $4,180 per ounce, both down about 0.5%. Technology stock futures edged lower, WTI crude oil rose above $92 per barrel, and the US dollar index (DXY) remained above 102.4. The US inflation data released this Wednesday will be the focus of market attention…
Under the microscope of investors are the data on inflation and retail sales in the US, as well as the new statements of Fed officials. Bitcoin is trying to recover after last Thursday's strong sell-off, with the next economic data expected to set the trend in the cryptocurrency market.New week of increased volatility begins for the cryptocurrency market, with interest turning to the US and announcements that could affect expectations for the co…
Crypto Market Faces Volatility Ahead of CPI, PPI, & Warsh Speech
The post Crypto Market Faces Volatility Ahead of CPI, PPI, and Warsh Speech appeared first on Coinpedia Fintech News The global cryptocurrency market is trading with heavy caution ahead of a busy week of economic events. Investors are now watching U.S. inflation data (CPI), the oil market report, and a speech by Federal Reserve Chair Kevin Warsh for clues about the Fed’s next move. Bitcoin has recovered to around $84,000, while the total crypto …
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