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Bitcoin Sits and Waits Ahead of US CPI Data
Bitcoin’s trading volume and volatility continued falling ahead of the upcoming American consumer inflation data. The BTC/USD price was trading at 30,400, where it has been in the past few days. This price was a few points above the important support at 29,726. The BTC/USD pair moved sideways as US bond yields retreated. The 10-year yield dropped to 3.98% while the 30-year and 5-year dropped to 4.02% and 4.22%, respectively. At the same time, the US dollar index (DXY) dropped by 0.24% to $101.40. This price action happened ahead of the upcoming American consumer price index (CPI) data, which is scheduled for ... (full story)