Bitcoin slides below $74,000 after hotter-than-expected CPI as analysts warn of drop to $70k
Headline from The Block
Key points
- Bitcoin experienced a price drop below $74,000 following the release of October's Consumer Price Index data, which came in higher than market forecasts.
- Market analysts are now watching key technical levels, pointing out immediate support around $73,000 while warning that the cryptocurrency could potentially decline further toward $69,000 if selling pressure persists.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Coins mentioned
Sources
- The BlockBitcoin slides below $74,000 after hotter-than-expected CPI as analysts warn of drop to $70k · 36 minutes agoRead on The Block
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