Bitcoin jumps on lowest US CPI since 2020 as traders stay wary of $64K failure
CoinTelegraph·
60-second summary
Bitcoin price is currently at $64,000 after the lowest US CPI since 2020 sparked a surge in the cryptocurrency market, with inflation decreasing to 3.2% from 4.7% in the previous month. Traders are cautious, however, as a rejection at this key resistance level could lead to a significant downturn, potentially affecting overall market sentiment and investor confidence.
BTC price action returned to $64,000 on low US CPI inflation but traders stayed wary of rejection at key resistance.