Bitcoin Price Trends Downward as Market Anticipates US Inflation Data

Ahead of the release of crucial U.S. inflation data, Bitcoin has experienced a downturn, with prices slipping below the $62,000 mark. The cryptocurrency market is on edge as traders and investors speculate on the potential impact of the inflation figures, which are expected to influence Federal Reserve policies and, consequently, the valuation of Bitcoin and other digital assets. The anticipation has led to increased market volatility, with Bitcoin shedding value in a nervous market awaiting concrete economic indicators. Read more at CoinDesk