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Bitcoin Hovers Around $17K Ahead of Inflation Data, Fed Meeting

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$BTC's implied volatility started to tick slightly higher than some analysts expected as both traditional and crypto markets await the latest U.S. CPI and federalreserve's interest rate decision this week. Watch Chart of the Day, presented by cryptocom:

Bitcoin trading steady over $17,000 with the latest U.S. Consumer Price Index report to be released Tuesday and the U.S.

Federal Reserve's interest rate decision Wednesday. Bitcoin's implied volatility has also declined in recent weeks, Fundstrat noted. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

 

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