Bitcoin Tests $80,000 Support Ahead of Busy US Economic Week
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin hovered near a key $80,000 level over the weekend as traders faced upcoming US tech earnings, inflation data and a Federal Reserve policy meeting.
Bitcoin buyers sought to defend the $80,000 mark over the weekend, with the cryptocurrency facing a crowded week of US economic and corporate events.
Upcoming earnings reports from major US technology companies form part of the backdrop. Their results could influence sentiment across financial markets.
US inflation figures and the Federal Reserve’s policy meeting are also on the calendar. With those events approaching, whether Bitcoin can hold $80,000 remains a key focus.
Source: Cointelegraph