Bitcoin Shrugged Off Good CPI and PPI Data: Why Is BTC Still Stalling?
Share:
Despite a weak US jobs report last Friday that should have been supportive, Bitcoin failed to rally and is down on the week, now struggling to hold above $63,000. The muted reaction highlights waning momentum in crypto markets and raises downside risk as macro tailwinds did not translate into price support or broader adoption gains.
Predictions Markets
See what traders are focused on
Bitcoin investors received what should have been a fairly supportive and positive combination of macroeconomic data in the past week, starting with the weak US jobs report last Friday.
However, the asset failed to produce any significant gains, again. Moreover, it has lost some traction and is actually down on a weekly scale, currently struggling to remain above $63,000. Why is that?
Read More
Non-Custodial Bitcoin Bridge Boltz Shuts Down After AI-Assisted Attacks
