Bitcoin has fallen below the $69,000 level on Wednesday, ahead of the release of U.S. Consumer Price Index data.
Bitcoin has fallen below the $69,000 level on Wednesday, ahead of the release of U.S. inflation data.
However, if the data shows a soft inflation reading for the month of March, this could influence the potential for a rate cut by the U.S. Federal Reserve in the first half of 2024. Additionally, the S&P 500 closed slightly higher on Tuesday, with a gain of 0.13%, while the Nasdaq saw a 0.32% increase at the close of yesterday's trading session.
The figures were notably stronger than the 200,000 job gains economists had anticipated. Because of the robust employment data and resilient economic activity, the Fed may be able to maintain unchanged rates for a more extended period.
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