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Home›Crypto›Bitcoin›Bitcoin eases toward $64,000 ahead of US CPI

Bitcoin eases toward $64,000 ahead of US CPI

The latest dip leaves traders focused on Wednesday’s US CPI report as a key catalyst for whether momentum resumes or turns into a pullback, according to analysts cited by The Block.

Reported · Written up by our desk · Bitcoin

Bitcoin drifted lower, moving toward the $64,000 area as traders looked ahead to Wednesday’s US inflation data, according to The Block.

The outlet said analysts are split on near term direction, with some expecting the pause to give way to renewed upside while others anticipate a potential reversal.

The move suggests traders are using the pre-CPI window to position around the expected market reaction to the report.

Latest closeBitcoin $63,434.56 ▼0.7%

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Sources

The BlockBitcoin slips toward $64,000 as traders await Wednesday’s inflation test

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