BTC, ETH hit 1-week lows, ahead of Wednesday's U.S. inflation report.
The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week.Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data.
Since hitting this floor, bulls have since reentered, pushing prices back above the aforementioned support.Looking at the chart, today’s drop in price came as the 14-day relative strength index , fell to a bottom of its own.
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