Bitcoin price slips back below $70k amid halving jitters and inflation concerns

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Economists have predicted that the headline CPI reading for March will show that consumer prices rose 0.3% month-over-month, down from 0.4% in February, while the annual inflation rate is expected to rise to 3.4% from 3.2%. “On the bullish side, the rapidly-approaching Bitcoin halving - the four-yearly event which reduces rewards for miners - has traditionally sparked pumps, while recently approved ETFs continue to drive demand,” he said.

“If $BTC isn't able to break $71300 then there could be another bout of consolidation between $69000 & $71300 ,” Rekt Capital warned.

 

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