The largest cryptocurrency by market capitalization dropped to $23,946 at one point before regaining ground to recently trade at $24,502, roughly flat over the 24 hours. But that was still well off BTC’s highs of the previous day when it soared past $26,000 after the release of a mildly upbeat consumer price index (CPI) inflation data for February. The 6% CPI improved on the previous month’s reading and offered investors looking for more monetary policy dovishness hope the U.S. Federal Reserve would at least temporarily stop its recent diet of interest rate hikes.
Related posts
-
Bitcoin (BTC) Price Drops Below $68K, Ether Slumps in Crypto Market Sell-Off as ETH ETF Decision Looms
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary... -
Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns...