According to BeInCrypto, Bitcoin (BTC) faces three US economic events this week that could affect its price movement. Consumer inflation data is scheduled for Tuesday, AI chip company earnings are due Thursday, and producer price indices are released Friday. The cryptocurrency was priced at $74,322 and declined 1.85% over the past 24 hours, per BeInCrypto Markets. A hotter-than-expected inflation reading might reinforce market expectations of a December Federal Reserve rate hike, increasing uncertainty for Bitcoin, which tends to perform differently under tightening monetary conditions.
