Bitcoin Pulls Back to $119K as Looming Inflation Data Could Bring Price Swings

Source: CoinDesk

“Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500. 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. Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s SOL, dogecoin and Sui’s native token slipped 3%-4%. … Tuesday’s U.S. Consumer Price Index (CPI) report could be the week’s biggest catalyst for traders, with Producer Price Index (PPI) data following later in the week.” (08/12/25)

https://www.coindesk.com/markets/2025/08/11/bitcoin-pulls-back-to-usd119k-as-looming-inflation-data-could-bring-price-swings