Traders shift focus to upcoming Federal Reserve decisions after U.S. inflation figures meet expectations but fail to spur momentum.
Bitcoin declined to near $63,500, retreating over 0.5% on the day and nearly 2% for the week. The move follows a U.S. inflation report that aligned with forecasts, easing immediate concerns but offering little catalyst for further gains.
Prior to the release, Bitcoin had hovered around $64,000, with traders awaiting clarity on the Fed’s next steps. The in-line CPI print reduced near-term volatility but left broader policy uncertainty intact, keeping pressure on risk assets.
Markets now await additional Fed signals, including potential rate adjustments or forward guidance, which could dictate Bitcoin’s next directional move.