According to BlockBeats, on November 13, Bitcoin moved further away from its record highs as the market paused the "Trump trade" ahead of the release of U.S. inflation data later today.
Charu Chanana, chief investment strategist at Saxo Bank, said the focus in the second half of the week may shift back to inflation and Fed policy, but whether this will lead to the unwinding of Trump's trade remains to be seen. Since investors have linked Trump's policies to inflation, the market may be more sensitive if CPI is higher than expected. Bitcoin paused its record-breaking rally and is now at $86,525 after hitting a record high on Tuesday. (Jinshi)
