Bitcoin Dips as Investors Await US Economic News

Bitcoins price dips slightly, trading around $68,600, as investors await US economic news and potential Federal Reserve rate hikes. The broader crypto market also shows red, with Ethereum down 1.5%. Concerns over inflation and potential economic slowdown due to aggressive rate hikes persist. Key economic data, including consumer and producer price indices, will be released later this week, influencing the Federal Reserves policy decisions. The Ukraine conflict adds to global inflationary pressures and economic uncertainty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.