Bitcoin Drops to One-Week Low as Traders Await CPI, Fed Decision
- Digital asset has struggled for new highs since a March record
- US inflation and the Fed policy outlook may whip up volatility
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Bitcoin wobbled on Tuesday in a sign of trader nerves ahead of US inflation data and the Federal Reserve’s monetary-policy decision.
The largest digital asset slid as much as 2.5% to a one-week low before changing hands at $68,000 as of 10:42 a.m. in Singapore. Smaller tokens such as Ether and meme-crowd favorite Dogecoin also nursed losses.