Bitcoin drops to one-week low as retail buys gold at highest prices since June
60-second summary
Bitcoin price action is currently at one-week lows, sinking ahead of the US CPI data release, as investors await key economic indicators. Meanwhile, retail investors are piling into gold ETFs, causing XAU/USD to hit its highest levels in nine weeks, with gold prices reaching their highest since June, indicating a shift in investor sentiment towards safe-haven assets.
Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks.