Bitcoin Climbs Near $108,000 As Traders Brace for U.S. Inflation Data

Bitcoin began the week with a positive rebound, climbing over 1.4% to approach the significant $108,000 level. After experiencing a dip to $100,377 in the previous week, Bitcoin is currently enjoying a four-day recovery trend, facing crucial market hurdles. Analysts at Swissblock believe that this week’s U.S. Consumer Price Index (CPI) data release, scheduled for Wednesday, will significantly impact market direction. [Continue reading here to learn how this data may impact the crypto market.]