Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
- The Bureau of Labor Statistics releases the consumer price index Tuesday at 8:30 a.m., with forecasts showing a 0.3% increase for all items despite gasoline prices declining more than 4%.
- Chicago Fed President Austan Goolsbee warned Monday that inflation remains a primary concern, with officials worried about "sticky" price pressures in services, health insurance, and autos beyond sectors directly affected by tariffs.
- Economic growth remains strong at 3.4% with 165,000 nonfarm payrolls added in October, while markets price in an 80% probability of a rate hike at the December Federal Open Market Committee meeting.
- Bitcoin changed hands at around $74,750, down from peaks above $87,000 in early October as AI-related jitters and fading spot ETF demand weighed on the cryptocurrency.
- Investors await producer price data on Nov. 13 and Federal Reserve meeting minutes on Nov. 18. BofA economist Stephen Juneau said this report could "effectively lock in another 25bp hike.
209 Articles
209 Articles
Bitcoin falls below $67,000 to lowest level in nearly three months
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Bitcoin fell below $67,000 on Saturday, November 14, hitting its lowest level in nearly three months. CoinGlass data showed it trading at $66,794 after touching a 24-hour low of $66,427.50. At that price, Bitcoin was down about 29% from its closing price of $94,287.48 a year earlier. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على…
Bitcoin is now below $69,000 and could fall even further if investors cash out to buy into the Anthropic IPO
Investors may have to sell some of their existing bets in crypto to make room in their portfolio for what could be one of the most sought-after stock offerings in history.
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