Bitcoin rose before the release of the US CPI data.

Before the release of CPI data in the United States, Bitcoin rose in early Asian trading. Bitcoin rose by 0.5% to $62,464.82. Ameera Khalid, the founder of the financial market education and trading platform Skoub, stated that investors are closely monitoring any new information regarding monetary policy and geopolitical developments. Escalating regional tensions, ongoing inflation pressure, or Federal Reserve members taking a more hawkish stance, may bring further selling pressure to cryptocurrencies.