TLDR Crypto · MARKETS & BUSINESS

BITCOIN PRICE DROPS BELOW $69K AHEAD OF INFLATION READING

theblock.co2 min read

Summary from the TLDR Crypto newsletter

The price of Bitcoin has dropped below $69,000 as investors wait for U.S. Consumer Price Index data that could influence the Fed's decision on interest rates. Although the market is divided on the possibility of a June rate cut, strong employment data suggests the Fed may maintain current rates, even as inflation is expected to show an increase.