Bitcoin momentum temporarily slows as the market awaits US CPI data tonight

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ODAILY
2 days ago
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Odaily Odaily News Bitcoin further away from record highs, the market paused the "Trump trade" before the release of US inflation data later today. Charu Chanana, chief investment strategist at Saxo Bank, said that the focus in the second half of this week may shift back to inflation and Fed policy, but whether this will lead to the unwinding of Trump trades remains to be seen. Since investors have linked Trump's policies to inflation, the market may be more sensitive if CPI is higher than expected. Bitcoin paused its record-breaking rise and is now at $86,525 after setting a record high on Tuesday. (Jinshi)

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