Bitcoin (BTC) Short Covering Likely As US CPI Numbers Could Surprise, Predicts Analyst

On Tuesday, May 14, the world’s largest cryptocurrency, Bitcoin (BTC), faced downward pressure, experiencing a 1% decline and falling below $62,000. This drop was attributed to concerns surrounding US macroeconomic data. According to CoinGlass data, over the past 24 hours, more than $100 million worth of Bitcoin long positions were liquidated. Bitcoin Short Covering Soon? The post Bitcoin (BTC) Short Covering Likely As US CPI Numbers Could Surprise, Predicts Analyst appeared first on CoinGape .