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Bitcoin Closes $107K CME Gap Amidst Market Uncertainty Ahead of Crucial CPI Data

BTC Closes $107K CME Gap Ahead of CPI

Dario Cesaro avatar
Written by Dario Cesaro
Updated this week

Bitcoin experienced a notable price movement, closing a significant gap on the CME futures market around the $107,000 mark. This development occurred as the cryptocurrency faced renewed pressure, retreating to near $106,000. The market's attention is now firmly fixed on the upcoming Consumer Price Index (CPI) report, a key economic indicator expected to influence future interest rate decisions by the Federal Reserve.

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