Bitcoin price today: pinned below $62k with CPI data on tap
Investing.com-- Bitcoin price fell slightly on Wednesday, seeing little positive movement even as the dollar weakened, although traders remained largely risk-averse ahead of key U.S. consumer inflation data.sank on Tuesday, after Federal Reserve Chair Jerome Powell said that current monetary policy was restrictive enough, indicating that interest rates will not rise further.
While the immediate reason for the outflows was unclear, they also came as sentiment towards Hong Kong and Chinese markets soured amid increased U.S. trade tariffs on Beijing and mixed economic signals from China. While initial hype over their approval drove Bitcoin to record highs over $73,000 in early-March, the world’s biggest cryptocurrency has traded largely within a $60,000 to $70,000 trading range for the past two months, amid scant positive cues.
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First Mover Americas: Bitcoin Dips Below $62K Ahead of U.S. Inflation FiguresJamie Crawley is a CoinDesk news reporter based in London.
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