Bitcoin Volatile Ahead of U.S. Inflation Data
#bitcoin prices are moving up and down as investors wait for key U.S. inflation data. The Consumer Price Index (CPI) for November is expected to show a 3.1% increase, which could have a strong impact on the #crypto market.
Traders are cautious because inflation data helps shape the Federal Reserve’s interest rate decisions. If inflation comes in lower than expected, risk assets like #Bitcoin could rise. However, higher inflation may lead to continued pressure on prices.
For now, #bitcion remains volatile, with the market closely watching the inflation report for the next major move.
