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First Mover Americas: Bitcoin Dips Below $62K Ahead of U.S. Inflation Figures

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Jamie Crawley is a CoinDesk news reporter based in London.

The CoinDesk 20 Index , a broad measurement of the digital asset market as a whole, fell almost 1.1%. Ether declined more than 2% to just above $2,900, while solana was largely unchanged at $145. In the next 24 hours, attention will turn to inflation reports out of the U.S. The latest Producer Price Index is set for release at 08:30 ET today and the Consumer Price Index is due tomorrow. Stubbornly high inflation has previously put paid to hopes of rate cuts in the U.S.

Website visitors had received a"503 Service Temporarily Unavailable" message beforehand. While the outage has been tackled, Coinbase noted that some users may still experience failure when sending crypto or withdrawing fiat. COIN shares were down around 2.25% at $195 during mid-morning in Europe before the U.S. market opened. The bitcoin price appeared to be unaffected.

 

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