Bitcoin Price Drops Below $37K Ahead of Key Inflation Data Release
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Bitcoin price dropped below $37,000 ahead of the release of October's US CPI data.
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CPI inflation is expected to decline to 0.1% MoM in October from 0.4% in September.
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BTC price gave up weekend gains and fell to $36,880 on Monday.
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Bitcoin traders are cautious as core CPI inflation is still high at 4.1% YoY.
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BTC price trends may be impacted short-term by CPI data, but long-term outlook depends on catalysts like a spot BTC ETF approval.