Bitcoin Edges Lower as Investors Await U.S. CPI Data — Market Talk
Bitcoin edges lower in Asia as investors await U.S. CPI data due later in the day. The reading will be the next major test of whether monetary conditions are more supportive or restrictive, says GivTrade's Waleed Said in a note. A higher-than-expected print could reinforce expectations for additional Federal Reserve tightening, strengthening the dollar and keeping Treasury yields high, while pressuring bitcoin, he adds. Bitcoin is down 0.2% at $83,219.38.([email protected])