Bitcoin has tumbled away from its record high as traders await US inflation data. Charu Chanana, chief investment strategist at Saxo Bank, said the focus may shift back to inflation and Fed policy in the second half of the week. Investors have linked Trump’s policies to inflation, so the market may be more sensitive if CPI is higher than expected.
Bitcoin has paused its record-breaking rally and is now trading at $86,525 after hitting a new all-time high on Tuesday.
