Bitcoin fluctuates around $79k as markets digest US inflation data

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Bitcoin fluctuates around $79k as markets digest US inflation data

⚡ Markets: Bitcoin continues to trade as a macro-sensitive risk asset, reacting to inflation data and Fed policy expectations alongside traditional markets like the Nasdaq.BTCETH

Bitcoin's price saw volatility, briefly rising past $79,000 before pulling back, as cryptocurrency markets reacted to the latest US CPI report. The inflation data did little to alter expectations of a Federal Reserve rate hike, contributing to uncertainty in risk assets.

West MSM: noneFinancial press 61 country

6 sources across the spectrum

Financial pressCointelegraph — Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields

Financial pressDecrypt — Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision

Financial pressCoinDesk — Bitcoin below $77,000, Zcash leads losses as traders bet on a Fed rate hike

Financial pressThe Block — Bitcoin, ether rise as inflation data does little to alter Fed interest rate outlook

Financial pressCoinDesk — Rising yields, oil prices leave bitcoin vulnerable ahead of U.S. inflation report

Financial pressCoinDesk — Bitcoin pulls back as another golden cross fails to deliver

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