Bitcoin hovers near $48K ahead of fresh key US inflation data

Bitcoin (BTC) recovered above $48,000 on Dec. 10 after another fall took BTC/USD to lows of $47,350 overnight.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Taper tantrums

Data from Cointelegraph Markets Pro and TradingView showed the pair orbiting $48,300 at the time of writing as markets braced for November’s Consumer Price Index (CPI) readout.

As Cointelegraph reported, economists tip this month’s year-on-year inflation data to beat October at 6.7%.

While last month’s…


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