Bitcoin (BTC) moved sideways at around mid-$27,000 on Tuesday as investors awaited the latest U.S. inflation report on Wednesday.
The largest cryptocurrency by market capitalization was recently trading at around $27,560, down 0.2% in the past 24 hours, according to CoinDesk data.
Bitcoin price chart showed that the cryptocurrency recently traded at around $27K on Tuesday. (CoinDesk)
“While the macro backdrop has been mostly unchanged over the past few weeks,” market watchers will be focusing on “Binance and whether people are seriously storing cryptos in cold wallets,” Edward Moya, senior market analyst for foreign exchange Oanda, suggested in a Tuesday note.
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