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Crypto

Bitcoin Plunges Below $64K Ahead of Inflation Report

Guavy AI Editorial Team
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BTC
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Bitcoin (BTC) is trading below $64,000 at the time of writing on Wednesday as risk-off mood continues to weigh on the cryptocurrency market.

The Fear and Greed Index on CoinMarketCap is currently at 37, indicating that investors remain cautious and reluctant to increase their exposure to volatile assets.

Traders are awaiting the US inflation report later today, which could determine whether BTC breaks toward $70,000 or extends its decline.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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