Bitcoin plunges below 61500 dollars before key US inflation data! What are investors watching now?
The cryptocurrency market remained under pressure ahead of critical inflation data set to be released in the United States today. Expectations that living costs in May would surpass 4 percent—the highest level in three years—have dampened risk appetite among investors. In this tense climate, Bitcoin fell below the 61,500 dollar mark, wiping out much of the gains that briefly lifted it above 64,000 dollars on some exchanges over the weekend.