Bitcoin Price: Volatility Alert Ahead of Crucial CPI Data

After a period of relief following the easing of US-China trade tensions, the crypto market witnessed significant volatility. Bitcoin’s price surged past $100K and challenged the $105K mark, hinting at an impending new all-time high. However, recent CPI data release is expected to send shockwaves through markets, leading to increased selling pressure on cryptocurrency assets including Bitcoin. 6% away from its record high, will it resume its upward trajectory?