Bitcoin pulls back to $23K as traders await tomorrow's CPI print

Bitcoin pulls back to $23K as traders await tomorrow's CPI print kitconews gold silver investing economics finance mining metals

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The details of the report will help provide insight into whether or not the Federal Reserve’s aggressive rate hiking thus far has had any effect on soaring inflation and could influence the size of future hikes moving forward. — Michaël van de Poppe August 9, 2022 A follow-up Tweet from Poppe noted that “the trend is still upwards” despite the current correction and identified $21,300 as the level that needs to be held in order to continue the trend.

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