The US is set to release its Consumer Price Index (CPI) report on August 10, which could have a substantial impact on Bitcoin's market performance. Historically, the cryptocurrency has shown sensitivity to CPI releases, with notable price swings observed in the past.
Source
"Bitcoin's Fate Hangs in the Balance Ahead of US Inflation Report" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
In a recent warning, one analyst cautioned that BTC may be poised for another significant move following the release of the CPI data.
BTC · 7D · $63,526−1.6%