Bitcoin remains steady near $126,000 as market participants await the September Consumer Price Index (CPI) report, which could influence the Federal Reserve's rate decisions. A lower-than-expected CPI could increase the likelihood of rate cuts, while a higher reading may maintain elevated rates, impacting risk assets. The overall cryptocurrency market has seen a 1.45% decline this week, with the total market cap falling by approximately $250 billion from its $4.27 trillion peak. Traders are closely watching the CPI, U.S. dollar index, and Treasury yields for insights ahead of the Federal Open Market Committee meeting.
Bitcoin Holds Near $126K as Traders Eye September CPI for Rate Clues
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