Global Stock News

Bitcoin, ether little changed before U.S. inflation report: Crypto Markets Today

Bitcoin, ether little changed before U.S. inflation report: Crypto Markets Today

Bitcoin rose to test $67,000 early Friday and was quickly rebuffed, though it remains about 1% higher since midnight UTC with ether rising half as much. The derivatives market, too, is showing signs of positivity.

The CoinDesk 20 Index (CD20) is little changed, up just 0.7% in the period.

While the gains mark a recovery from yesterday’s U.S. trading, which saw the cryptocurrency market fall back toward last week’s lows, bitcoin is still on track for a fourth straight week of declines. That’s the longest falling streak since mid-November.

Meantime, a slowdown in trading and fading volatility are weighing on volumes.

It’s likely that traders are looking to the U.S. Consumer Price Index (CPI) print coming later today…

Source link

Share this article

Scroll to Top