Bitcoin is trading near $77K–$78K as investors closely watch today’s U.S. inflation data. Rising energy prices and sticky producer inflation have increased concerns that the Federal Reserve could keep rates higher for longer, creating more volatility for Bitcoin and the wider crypto market. �

Reuters +1

Key Takeaway:

A softer CPI reading could support a crypto rebound, while hotter inflation may increase selling pressure. Traders are watching the data for the next major Bitcoin move.