📉 Market Pulse: Bitcoin Holds at 67k Ahead of Key U.S. Economic Data
The cryptocurrency market is undergoing a short-term correction with an overarching cautious sentiment. Bitcoin ($BTC ) has dropped to the 67,000 USD range during today's trading session, reflecting the "risk-off" mentality of investors ahead of the announcement of important economic indicators.
The current focus is on the upcoming U.S. employment and inflation (CPI) data. These are seen as key indicators that could shape the Fed's next interest rate path. The flow of funds is slowing down in anticipation of clearer signals from the macroeconomic landscape.
In the short term, selling pressure is causing red to spread across Altcoins; however, BTC's support level at 67k is still being tested. Price volatility is expected to spike right at the moment the news is announced.
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