Bitcoin falls below $69,400 ahead of US inflation data.

Bitcoin fell 2.4% to $69,357 in Wednesday's trading session ahead of a key U.S. inflation reading later in the day. Meanwhile, Ethereum, the second largest crypto token, plunged over 4.2% to $3,534. U.S. consumer price data due on Wednesday will be closely watched by investors as they seek direction on the next move in interest rates. The data is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February.

Edul Patel, CEO of Mudrex, said, "Following a climb to $72,000 yesterday, Bitcoin retreated to $68,000 due to increased liquidations. Traders are keeping a close watch on today's US CPI data, which might exceed expectations. Bitcoin's current support stands at $67,700, with resistance noted at $70,400."#cpi #BinanceLaunchpool #BullorBear #Memecoins