Bitcoin rose in early Asian trading before the US CPI data was released. Bitcoin rose 0.5% to $62,464.82. Ameera Khalid, founder of financial market education and trading platform Skoub, said investors are keeping a close eye on any new information on monetary policy and geopolitical developments. Increased regional tension, continued inflationary pressure, or a more austerity stance on the part of Federal Reserve members could put further selling pressure on cryptocurrencies.

Bitcoin rose in early Asian trading before the US CPI data was released. Bitcoin rose 0.5% to $62,464.82. Ameera Khalid, founder of financial market education and trading platform Skoub, said investors are keeping a close eye on any new information on monetary policy and geopolitical developments. Increased regional tension, continued inflationary pressure, or a more austerity stance on the part of Federal Reserve members could put further selling pressure on cryptocurrencies.