1664270586_social.jpeg

Bitcoin Is Falling. Looming Inflation Data to Be a Major Test for Cryptos.



Bitcoin


and other cryptocurrencies were weaker Thursday, poised—like stocks—to react to key inflation data due later in the day. Bitcoin has remarkably lacked its famous volatility lately and how it reacts to the data will be a key test of this trend.

The price of Bitcoin has fallen less than 1% over the past 24 hours and was holding just above $19,000—at the bottom end of the $19,000 to $20,000 zone that has defined the largest crypto’s trading range since the start of September. Where Bitcoin moves next will likely hang on the U.S. consumer-price index for September due Thursday.


Source link

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *