Bitcoin braces for CPI, FOMC as exchanges shed $1.2B of BTC in a day
BTC price action may not inspire hodlers into a new U.S. macro data deluge, but behind the scenes, appetite for Bitcoin is alive and well.
Bitcoin returned to circle $67,500 on June 12 after a cross-crypto rout sparked large exchange withdrawals.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price action steadying as markets braced for United States macroeconomic events.
Bitcoin had fallen to $66,000 the day prior in a cascade, which sparked long liquidations totaling over $50 million, per data from monitoring resource CoinGlass.
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Author: William Suberg
