Bitcoin reached a new all-time high of over $93,400 after the U.S. Consumer Price Index (CPI) report met expectations. The global crypto market cap also surged but trading volume decreased. Two key events to watch this week are the release of the U.S. Producer Price Index (PPI), which is expected to show an increase in production costs, and the U.S. retail sales data, which is expected to decline. A drop in retail sales could signal economic concerns and negatively impact financial markets, including cryptocurrencies.
- Content Editor ( crypto.news )
- 2024-11-14
Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch