Bitcoin stuck as ETF inflows offset selling, but inflation data could spark a move
60-second summary
Bitcoin is stuck in a trading rut, with weeks of sideways movement crushing volatility, leaving Wednesday's inflation report as the next potential catalyst, analysts said. Inflows into Bitcoin ETFs have offset selling pressure, but the market remains cautious ahead of the inflation data release. Market participants are awaiting the report's impact on Bitcoin's price.
Weeks of sideways trading have crushed volatility, leaving Wednesday’s inflation report as the next potential catalyst, analysts said.