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Bitcoin Traders Are Eyeing This Week’s CPI Data. Here’s Why

CPI Impact on Bitcoin (BTC) Could Push price Toward $32,000

The world’s largest cryptocurrency, Bitcoin seems to be feeling the heat long before the June CPI numbers are out. At press time, BTC was trading for $19,780.

Bitcoin has dipped

Bitcoin has dipped 2% to $62,570 after briefly touching $64,000 on Monday, while Ethereum has slipped 3% to $2,432, data from CoinGecko shows. CPI is projected to

If CPI matches or falls below expectations, it may support a risk-on environment, encouraging capital flows into assets like Bitcoin. Historical patterns suggest that

Here's how Bitcoin traders are preparing for the CPI report

BTC nose

Bitcoin’s Next Big Move: How CPI Data Could Trigger a Major Price

BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs. Cryptocurrency traders were caught by surprise after

How Will Bitcoin Price React to CPI News? Key Details for

Bitcoin

Bitcoin (CRYPTO:BTC) traders are closely watching this week’s U.S. Consumer Price Index (CPI) data, which could provide crucial insights into inflation trends and

Bitcoin traders were ready for a hot CPI report, but BTC bears are

As Bitcoin adoption grows among governments and institutional investors, so has the impact of the monthly Consumer Price Index (CPI) data on BTC prices. Within 48

Bitcoin

Bitcoin’s price surge above $105K puts it at a critical juncture, with CPI data set to determine its next move. If CPI shows cooling inflation, Bitcoin could rally toward new all

Bitcoin traders await key CPI data for signs of inflation trends

As Bitcoin (BTC) hovers around the $37,000 mark, following a significant five-week surge, all eyes are now on the upcoming Consumer Price Index (CPI) report. This

What tomorrow's CPI report could mean for Bitcoin - Cryptopolitan