Crypto
Bitcoin Price at Risk Ahead of CPI Release
Bitcoin's price is trading at $76,992.66, up 1.1% over 24 hours but roughly flat for the week.
The market is anticipating the Consumer Price Index (CPI) release today, which could impact Bitcoin's price ahead of next week's Clarity Act vote and Fed decision.
Last Wednesday's hotter-than-expected PPI reading triggered a brief selloff, but today's CPI held steady at 3.4%, matching both the previous reading and expectations.
Analyst Michaël van de Poppe flagged $75,500 as the level that matters most in the near term, saying a sweep below it could bring Bitcoin down to $74,500.