Bitcoin Sinks Toward $80,000 After Hot CPI. Will Whales Keep What They Added?
A hotter-than-expected US inflation report knocked Bitcoin (BTC) down 3.3% in 24 hours to $80,979. The drop pushed the price under what US spot exchange-traded funds (ETFs) paid, on average, for their coins. Whales had spent the weeks before the report building their balances to levels not seen in nearly a year. With prices now The post Bitcoin Sinks Toward $80,000 After Hot CPI. Will Whales Keep What They Added? appeared first on BeInCrypto.
Key Takeaways
- A hotter-than-expected US inflation report knocked Bitcoin (BTC) down 3.3% in 24 hours to $80,979.
- The drop pushed the price under what US spot exchange-traded funds (ETFs) paid, on average, for their coins.
- Whales had spent the weeks before the report building their balances to levels not seen in nearly a year.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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