Bitcoin Holds Steady Amid CPI Caution and New SEC Regulations

Bitcoin's price has been steady at lower levels ahead of the release of U.S. Consumer Price Index (CPI) data, which is set to be released later this month.

The current price of Bitcoin is $77,697.18, with a 24-hour change of -1.16%, according to Moomoo's watchlist.

Market talk suggests that investors are cautious ahead of the CPI release, as it may provide insight into the direction of interest rates and inflation expectations.

A recent article in The Wall Street Journal notes that Bitcoin has fallen to $77.1k amid U.S.-Iran jitters and CPI caution.

The SEC has also announced new regulations for Bitcoin trusts, allowing them to allocate up to 15% of their portfolio to non-standard assets and adopt active management strategies.

Anthony Pompliano is quoted as saying that Trump's $5,000 stimulus checks could be a win-win for Bitcoin and gold.