Live updates: Bitcoin sinks below $77,000 ahead of U.S. CPI report
Covered by 2 sources · 2 articles
Bitcoin and major cryptocurrencies are trading in negative territory ahead of the U.S. consumer price index release. Bitcoin has declined 5% over the past week and is now trading below $77,000, while altcoins have faced steeper losses - Zcash dropped 10% in a single day. The broader market weakness reflects investor caution as traders position ahead of the key inflation data.
- Bitcoin down 5% weekly; major cryptos showing red ahead of CPI print
- Altcoins hit harder, with Zcash falling 10% in one day
- Market positioning defensively before inflation data release
All coverage
Will Bitcoin Price Fall Below $75,000 Today Ahead of CPI?
Live updates: Bitcoin sinks below $77,000 ahead of U.S. CPI report
Every major is red ahead of the August inflation print. Bitcoin is down 5% on the week and zcash fell 10% on the day.