Bitcoin rises above US$65K before inflation data
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- Bitcoin rose above US$65,000 as investors waited for US inflation data due later this week.
- Traders are watching the inflation report for clues about interest rate expectations.
- The data could influence both crypto and broader financial markets.
Bitcoin (CRYPTO:BTC) rose above US$65,000 as investors waited for US inflation data due later this week.
Traders are watching the inflation report for clues about interest rates and market conditions.
Market participants said the data could affect demand for risk assets, including cryptocurrencies.
Bitcoin gained as investors positioned ahead of the economic release.
The inflation report is expected to influence expectations for future Federal Reserve policy.
Economic data has become an important driver of crypto and financial market movements.
Analysts said Bitcoin’s next move could depend on the inflation results and broader market sentiment.
At the time of reporting, Bitcoin price was $65,024.86.
