-
Bitcoin (BTC) News Today: How US CPI and Retail Sales Can Impact BTC Trends
Bitcoin (BTC) declined by 2.12% on Tuesday (May 14). Partially reversing a 2.33% gain from Monday (May 13), BTC ended the session at $61,587. Investor caution before US consumer price inflation numbers likely impacted buyer demand for BTC. An upward trend in US producer prices in April increased uncertainty about the Fed rate path. US producer prices increased 2.2% in April year-on-year after rising 1.8% in March. Nevertheless, Fed Chair Powell talked down the chances of a Fed interest rate hike, limiting the impact on BTC price trends. The US BTC-spot ETF market reacted to the Fed Chair Powell speech with a second ... (full story)