Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly.
consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300.
Bitcoin
Following two consecutive days of declines, bitcoin (BTC) was back in the green on Wednesday ahead of the U.S. inflation report.
The world’s largest cryptocurrency rose to a high of $19,241.96, less than 24 hours after hitting a bottom of $18,925.60.
Today’s move saw the token edge closer to its recent resistance level of $19,300, moving away from a one-week low in the process.
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