Bitcoin rises as investors await U.S. CPI data
Bitcoin rose in early Asia trade as investors focused on U.S. inflation data later in the week. Market pricing points to an interest rate hike at next week’s Fed meeting, according to Tickmill’s Joseph Dahrieh.
S. inflation data due later in the week. Markets are pricing in an interest rate hike at next week’s Fed meeting, Tickmill’s Joseph Dahrieh said in a commentary. He added that a stronger-than-expected inflation print could reinforce tight monetary policy.