Bitcoin's price dropped today to below $85,000, amidst a sense of anticipation in the markets ahead of the important US inflation data due this week.
Analysts believe that the CPI (Consumer Price Index) and PCE (Personal Consumption Expenditures) reports could have a direct impact on market movements, not only for stocks but also for cryptocurrencies, as this data will determine the direction of monetary policy for the Federal Reserve for the remainder of December.
Any surprise in inflation figures could mean increased volatility, while figures that align with expectations could restore some stability to the market.
BTC
86,227.06
-4.10%