via CryptoSlate · By CryptoSlate Editorial
Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000
BTC/USDT
$7,199,519,940.61
$63,448.00 / $62,436.59
Change: $1,011.41 (1.62%)
+0.0033%
Longs pay
Bitcoin rose above $62,000 after the latest US inflation report gave traders enough relief to step back from a deeper test of the $60,000 level.
The move followed several days of pressure across crypto markets, where investors had been preparing for the possibility that a hotter inflation print would revive rate-hike concerns and push risk assets lower.
However, the report gave Bitcoin room to…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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