Bitcoin drops to one-week low as retail buys gold at highest prices since June
Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks.
Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs.
Key points:
Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000.