Bitcoin Price Prediction Hinges on CPI as DigiTap Nears Sellout

The cryptocurrency market is bracing for the latest U.S. inflation report, with traders positioning for a sharp move as the Consumer Price Index (CPI) lands and the Federal Reserve's next rate decision approaches.

Bitcoin has pulled back from the $80,000 area but remains on track to challenge higher levels if CPI cools down. A cooler reading would give Bitcoin traders a reason to challenge the recent pullback, with options activity already showing heavy interest in bullish strikes between $80,000 and $90,000.

DigiTap, a crypto-card presale, is offering a different entry point at $0.0589, attracting retail investors through its downloadable financial app, working card features, and token sale advancing through Round 4.