Crypto News

Posted 2023-03-15 03:05:39

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Bitcoin price nears $25,000 as analysts bet on CPI impact

Bitcoin price hits $25,000 as analysts bet on CPI impact

Bitcoin (BTC) sought critical resistance near $25,000 on March 14 as the market awaited key US economic data.

BTC/USD 1-day candlestick chart (Bitstamp). Source: TradingView

Hope CPI Brings Bitcoin “Consolidation”

Data from Cointelegraph Markets Pro and TradingView shows that the BTC/USD pair hit a monthly high of $24,917 on Bitstamp overnight.

The pair remained afloat after the impact of many US bank closures causing the crypto market to skyrocket.

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