Crypto
Bitcoin could slip to $70,000 ahead of U.S. CPI release
Bitcoin could slide toward $70,000 ahead of the release of the U.S. April consumer price index, as concerns about renewed inflation and weakening institutional buying raise the chance of a short-term pullback. The Cleveland Fed’s latest estimate sees annual CPI at 3.56 percent, up from 3.3 percent in March. Analysts also point to risk reduction ahead of the data and chart patterns that could signal a reversal.
