Bitcoin Slips Below $64K Amid Broader Market Selloff

Bitcoin dipped under the $64,000 mark today as bearish momentum took hold of the broader crypto market. The drop coincided with a decline in major assets like Ether and XRP, which both saw significant downward pressure.

Rising oil prices are reigniting concerns about persistent inflation. This shift in the global economic climate has made traders cautious as they look toward the upcoming U.S. Consumer Price Index report scheduled for Wednesday.

Market participants are now waiting to see how inflation data might influence future financial policies. Traders should keep a close watch on support levels as the market reacts to the macroeconomic environment over the next few days.