US CPI
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Cryptocurrency
Bitcoin’s Overbought State May Prompt a 10% Drop
In recent developments, Bitcoin has experienced a notable market fluctuation, declining to $86,000 after achieving an intraday peak of $89,964. This downturn follows a robust upward trajectory, primarily driven by the U.S. election results and a surge in positive market sentiment. Despite this momentum, market analysts are now cautioning about an impending correction, particularly as the release date for the Consumer Price Index (CPI) data on November 13 approaches. This…
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Cryptocurrency
Bitcoin’s Elevated Levels May Result in a 10% Dip
Bitcoin recently experienced a notable pullback, dipping to $86,000 after hitting an intraday peak of $89,964. This decline comes on the heels of a robust upward movement, spurred by the U.S. election outcomes and a wave of positive market sentiment. However, experts are cautioning about a potential correction as the release of the Consumer Price Index (CPI) data looms on November 13. The fresh inflow into the crypto market appears…
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