From Investing.com: 2024-05-13 01:14:00

Bitcoin price fell on Monday, testing key support levels ahead of U.S. inflation data. The token dropped 0.4% to $60,910.5, close to breaking $60,000 support, sinking over 3% in a week due to regulatory fears and capital outflows.

The dollar steadied, pressuring Bitcoin as U.S. inflation data looms. Any signs of high inflation could delay interest rate cuts, negatively impacting crypto markets sensitive to low rates and liquidity.

Broader cryptocurrency prices retreated on Monday, with Ethereum down 1.5% to $2,884.43, while XRP and Litecoin fell 5.8% and 3.2%, respectively. Memecoin Dogecoin also saw a 5.1% decrease.

Read more at Investing.com: down to $60k as inflation jitters weigh By Investing.com