Bitcoin shrugs off US jobs data as BTC price gives up $66K support
Bitcoin bulls are finding it increasingly difficult to preserve earlier gains, which came thanks to U.S. inflation numbers.
Bitcoin (BTC) slipped from $66,000 after the May 16 Wall Street open while fresh United States macro data boosted bulls’ cause.
Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility cooling after the previous day spawned 7.5% gains.
These followed the April print of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), the former beating expectations to fuel a broad risk asset rally.
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Author: William Suberg
