Bitcoin steadies ahead of U.S. inflation reports
Bitcoin remains stable around the $83,500 level, with a balance between a slight decline of 0.16% due to profit-taking and decreased appetite for high-risk assets, and a recovery in inflows into the index funds it tracks, which reached $175.6 million on Tuesday—the highest in two weeks. The market is currently awaiting the release of the anticipated U.S. inflation data, as forecasts indicate ongoing inflationary pressures and a acceleration in core inflation, potentially prompting the Federal Reserve to raise interest rates again. This could, in turn, put pressure on cryptocurrency prices.
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