Bitcoin price dips below $68k on hotter CPI, China enters BTC ETF market via Hong Kong

The hotter-than-expected CPI reading weighed heavily on the crypto market in early trading on Wednesday as Bitcoin briefly dipped below $68,000.Gold price trying to hold support around $2,350 as U.S. CPI rises 0.4% in March, up 3.5% for the year

- The gold market is seeing some selling pressure, with prices testing initial support at $2350 an ounce as the U.S. economy sees hotter-than-expected inflation.The Consumer Price Index rose 0.4% last month after February’s 0.4% increase, the U.S. Bureau of Labor Statistics said on Wednesday. The latest inflation data was higher than expected as economists looked for a 0.3% increase.The report said that in the last 12 months, headline inflation rose 3.5%, also coming in above expectations.

- The gold market has seen one of the quietest bull rallies on record as prices rally from all-time highs to all-time highs, but investors should no longer ignore the precious metal, according to one famed economist and market analyst. - There has been a significant drop in silver inventories across major exchanges over the past few years, according to Peter Krauth, Author of The Great Silver Bull and Publisher of The Silver Stock Investor.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bitcoin above $68k, stocks and gold rally higher despite blowout jobs reportThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Traders brush off CPI to buy stocks and crypto as Bitcoin consolidates below $72kThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Trading Game Plan: CPI hits, INTC attacks NVDA, Fitch vs China, stocks, crypto, goldThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Bitcoin (BTC) vs. Memecoins: Navigating the Bitcoin (BTC) (BTC) Investment LandscapeOne such memecoin that has garnered significant attention is Shiba Budz (BUDZ). Introduced as a playful spin-off of the Dogecoin phenomenon..
Источник: CryptoAmb - 🏆 22. / 68 Прочитайте больше »