{"id":7241,"date":"2025-08-11T22:16:33","date_gmt":"2025-08-11T22:16:33","guid":{"rendered":"https:\/\/baiwp.com\/bitcoin-pulls-back-to-119k-as-looming-inflation-data-could-bring-price-swings\/"},"modified":"2025-08-11T22:16:33","modified_gmt":"2025-08-11T22:16:33","slug":"bitcoin-pulls-back-to-119k-as-looming-inflation-data-could-bring-price-swings","status":"publish","type":"post","link":"https:\/\/baiwp.com\/it\/bitcoin-pulls-back-to-119k-as-looming-inflation-data-could-bring-price-swings\/","title":{"rendered":"Bitcoin Pulls Back to $119K as Looming Inflation Data Could Bring Price Swings"},"content":{"rendered":"

Bitcoin\u2019s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500.<\/p>\n

The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours.<\/p>\n

Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana\u2019s SOL (SOL), dogecoin (DOGE) and Sui’s native token (SUI) slipped 3%-4%.<\/p>\n

James Van Straten, senior analyst at CoinDesk, noted that bitcoin\u2019s weekend rally left a gap in the CME futures market, which trade only on weekdays, between Friday\u2019s close at $117,430 and Monday\u2019s open at $119,000. History suggests that BTC could pull back to revisit and “fill” that gap, he said.<\/p>\n

Tuesday\u2019s U.S. Consumer Price Index (CPI) report could be the week\u2019s biggest catalyst for traders, with Producer Price Index (PPI) data following later in the week.<\/p>\n

Whether bitcoin’s momentum continues will likely depend on those U.S. macroeconomic data reports, Bitfinex analysts said in a Monday market report<\/a>.<\/p>\n

“With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term,” the Bitfinex analysts wrote.<\/p>\n

“We believe that the ranging conditions and oscillation between the range highs and lows will continue, since price is constantly moving above and below the cost-basis of fresh buyers allowing for charged sentiments around key macro data releases,” they added.<\/p>\n

Read more: Watch Out Below: Bitcoin\u2019s Weekend Surge Leaves CME Gap<\/a><\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500. 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