World · Market · Global ·
Bitcoin falls to $63,500 as retail investors shift to gold amid CPI uncertainty
Bitcoin dropped to one-week lows near $63,500 as retail investors increased purchases of gold ETFs, which hit their highest prices in nine weeks. The move came ahead of a closely watched US inflation report expected to influence Federal Reserve policy.
Why it matters for the crypto market
Bitcoin's retreat reflects a shift in retail risk appetite away from crypto toward traditional safe-haven assets like gold, signaling uncertainty ahead of major economic data that could reshape interest-rate expectations.
Source: cointelegraph.com
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