Velvet classic

Bitcoin Slips Below $80,000 as Inflation Data Weighs on Crypto Market Sentiment

Bitcoin traded near $79,800 on Thursday as stronger-than-expected US inflation data and ETF outflows weighed on sentiment in the crypto market. Analysts said traders remain cautious as Bitcoin struggles near key resistance levels while macroeconomic uncertainty continues to pressure risk assets.Bitcoin traded near $79,800 on Thursday as stronger-than-expected US inflation data and ETF outflows weighed on sentiment in the crypto market. Analysts said traders remain cautious as Bitcoin struggles near key resistance levels while macroeconomic uncertainty continues to pressure risk assets.

Exit mobile version