Bitcoin experienced fluctuations on Tuesday, indicating that traders were nervous ahead of US inflation data and the Federal Reserve's monetary policy decision.


Until 11 a.m. Singapore time, the fall of Bitcoin reached 2.5%, dropping to its lowest point in a week, and has now risen above $68000. Other conventional coins like Ethereum and Dogecoin also fell at the same time.
The inflation data released on Wednesday and the outlook for the Federal Reserve could intensify concerns about the possibility of interest rates remaining high for longer, representing a challenging environment for speculative assets such as cryptocurrencies.
Anand Gomes, co-founder of the Derivatives Platform Paradigm, said, 'In the encryption field, no news is bad news. The market is like an addict, constantly needing favorable news to support it.' (Bloomberg).
BTC-1.09%
EL1.37%
POL-2.32%
POR-0.96%
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