Bitcoin's price remains stable above $17K as the market is bracing for Tuesday's CPI release.
Bitcoin Remains Calm in Anticipation of Tuseday’s CPI Release Bitcoin’s price remains stable above $17K as the market is bracing for Tuesday’s CPI release.
The cryptocurrency market has remained calm over the past 24 hours with unimpressive volumes, which is rather typical for the weekend. It’s also worth noting that market participants might be cautious before the release of November’s CPI numbers.Bitcoin’s price has failed to produce any significant movements in the past 24 hours and has maintained above $17K for a total of 0.2% gains on the day, according to CoinGecko.
As seen in the chart below, there were no major fluctuations, and the price dipped to a low of slightly below $17,100.It’s entirely possible for market participants to be careful because there’s an important announcement coming from the US Bureau of Labor Statistics on Tuesday. They will release the numbers for November’s Consumer Price Index, which is largely used as a metric to gauge the inflation rate in the country.
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