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Bitcoin briefly touched $84,000 intraday before pulling back, now trading near $83,200, as the market awaits US inflation data.
Bitcoin briefly touched $84,000 in early Wednesday trading before quickly retreating, now down 0.5% to around $83,200, remaining constrained between the $81,000 50-day moving average support and the $84,000 resistance level. Market sentiment is affected by stagnant tech stocks and a sell-off in chip stocks, with traders awaiting the upcoming release of US September CPI data.
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The Federal Reserve's Austan Goolsbee stated that AI is an inflation issue.
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Martin Shkreli violated a lifetime ban from the pharmaceutical industry, the Federal Trade Commission (FTC) and states allege, CNBC reported.
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Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
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