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Bitcoin holds support as stocks stay rangebound ahead of inflation data
Bitcoin is holding near its key support level while investors keep risk assets on watch as expectations for the Federal Reserve shift with upcoming data, according to Decrypt.
The outlet said the S&P 500 is trading in its tightest range yet, suggesting investors are waiting for a clearer read on inflation before the Fed’s next September 16 rate decision.
Both markets are also looking toward Friday’s inflation report as a near term catalyst for the rate outlook.
Latest closeBitcoin $78,435.20 ▼0.9%|S&P 500 7,666.60 ▲0.5%
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