Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data.
Key points:
Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains.
