Crypto
Bitcoin Price Stability Shaken as CPI Looms and PPI Fallout Continues
Bitcoin's price has been steady at around $76,992.66 over the past day, but experts are warning that it could drop below $75,000 in anticipation of this week's Consumer Price Index (CPI) reading.
The release of yesterday's hotter-than-expected Producer Price Index (PPI) triggered a brief selloff in Bitcoin, with prices dropping by about 1%.
With the CPI print on everyone's minds ahead of next week's Clarity Act vote and Federal Reserve decision, traders are bracing for potential volatility in the markets.