If U.S. inflation data released Wednesday comes in higher than expected, the price could drop as low as $30,000, warned Alex Kruger, founder of New York-based asset management firm Aike Capital.
The market expects the consumer price index (CPI) to rise by 7.1% in December and by 0.4% month-on-month. This sharp increase illustrates why U.S. central bankers have been encouraged to normalize monetary policy more quickly than previously assumed.
The Bitcoin price is currently at 41,743.76 and has increased by 0.08% in the last 24 hours. At this threshold, the BTC price has been fluctuating for several days, apparently waiting for the next impulses from the market.
The Spot Market is Open
Monday, January 10, 2022