Bitcoin kicked off the week with momentum, climbing to a new all-time high of $123,000, a reflection of renewed interest in the crypto market as a whole.
Several US economic signals this week, like the PPI report, will influence the price action going forward.
Bitcoin recently reached a new all-time high, soaring to $123,000, and is currently trading around $121,000. This follows a solid 12% gain over the past week.
Its trading volume has surged as well, jumping by 230% to $142.86 billion in just the past 24 hours.
All eyes are now on four key U.S. economic data releases set for this week, as each has the potential to either propel Bitcoin higher or trigger a market pullback. Whether you’re a long-term HODLer or a short-term trader, staying tuned to the economic calendar could offer valuable insights into Bitcoin’s next move.
Meanwhile, the pseudonymous analyst ‘apsk32’ is predicting that BTC could climb to $200K–$300K before the end of the year.
1. Consumer Price Inde
