Community Articles
via CryptoSlate · By CryptoSlate Editorial
Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000
BTC
BTC/USDT
$79,662.47
-1.86%
$79,662.47
-1.86%
(24s)24h Volume
$16,604,394,090.74
24h H/L
$81,350.00 / $78,660.00
Change: $2,690.00 (3.42%)
Long/Short
52.7%
Long: 52.7%Short: 47.3%
Funding Rate
-0.0012%
Shorts pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(02:14 PM UTC)
1 min read
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…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles