Why Bitcoin Failed to Rally After CPI & PPI—Will the Correction Extend to $60,000?

The post Why Bitcoin Failed to Rally After CPI & PPI—Will the Correction Extend to $60,000? appeared first on Coinpedia Fintech News

Bitcoin price is stuck within a narrow range, consolidating between $63,000 and $64,000, failing to deliver an upside action after the latest U.S.inflation data. July CPI came in broadly in line with expectations, while PPI was more favourable, rising 0.0% month-over-month versus forecasts of a 0.2% increase. Treasury yields declined as expectations for further rate …