From Investing.com: 2024-03-27 01:16:48

Bitcoin price remained stagnant due to a strong dollar and cautious capital flows towards crypto. It fell 0.6% to $70,162.1 following a rise to $71,000. Traders leaned towards the dollar amid U.S. interest rate cues, with focus on the Fed’s inflation gauge and upcoming speeches from key officials.

The greenback’s strength limited Bitcoin gains, favored as a high-yielding, low-risk currency until Fed rate cuts begin. Higher U.S. interest rates triggered Bitcoin losses in 2022, though it recovered almost five-fold to surpass $73,000. Recent data showed slowdown in Bitcoin ETF inflows amidst uncertainty over U.S. rates.

Read more at Investing.com: Pinned at $70k as strong dollar caps gains By Investing.com