Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough
Summary
Bitcoin remains under $75,000 as the market awaits upcoming U.S. inflation data. Market watchers caution that temporary economic relief will not ensure a lasting price recovery for the cryptocurrency without stronger liquidity and increased exchange traded fund demand.
Bitcoin trades below $75,000 ahead of the October inflation data. Analysts warning that sustainable recovery depends on improving liquidity and spot ETF demand rather than temporary macro relief.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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