Bitcoin Traders Eye $82,500 Support Zone Ahead of US CPI, PPI Data
12 Articles
12 Articles
Top-tier altcoins by market cap weaken together... Only a few like Chainlink show slight gains - With the November US midterm elections approaching, this week's volatility is a turning point due to factors such as remarks by Fed Chair Kevin Warsh. Bitcoin, the leader of the cryptocurrency market, [is [attaining] the release of major economic indicators]
Bitcoin remains close to $83,000 while operators await the next inflation data from the United States. The pressure on Treasury yields and caution over Federal Reserve policy limit the momentum, despite a reduction in bets for a rise in rates.
Bitcoin Holds Key Support as US CPI Looms: 3 Key Weekly Signals
Bitcoin is heading into the third week of October holding firmly above a widely watched support level around $82,500, as traders brace for a high-impact US data calendar. The week’s momentum hinges on September inflation prints—CPI on Wednesday and PPI on Thursday—which are expected to shape expectations for Federal Reserve policy and, by extension, risk-asset [...]
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