Bitcoin trades around $74,000 as markets await U.S. inflation data [Crypto Briefing]

[Financial News] Bitcoin is trading around $74,000 ahead of the release of U.S. inflation data.
According to global crypto information platform CoinMarketCap, Bitcoin was trading around $74,000 at 10:40 a.m. that day, up 0.16% from the previous day (over a 24-hour period).
Bitcoin is trading around 101.8 million won on the Korean won market. The Korea premium is 0.90%, according to Cryprice, a global crypto market comparison platform.
Markets are watching the U.S. Consumer Price Index (CPI) for October, due to be released on the 10th (local time). The CPI is scheduled to be released at around 10:30 p.m. Korea time that day. The direction of the CPI can help gauge the likelihood of an increase in the Federal Reserve’s (Fed) benchmark interest rate. With energy supply disruptions stemming from the recent Iran war and the burden of tariffs pushing up prices, the likelihood of an interest rate hike appears to be growing.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 29 that day, indicating “Fear.” The index ranges from 0 to 100; a reading closer to 0 is interpreted as “Extreme Fear,” while one closer to 100 indicates “Extreme Greed.”
At the same time, Ethereum was trading around $2,120, down 0.33% from the previous day. Ripple (XRP) was trading around $1.10, down 0.93%.

[email protected] Im Sang-hyeok Reporter