Bitcoin kicks off new quarter in the old $82,000-$85,000 price range

Bitcoin started the new quarter within its familiar $82,000-$85,000 price range. On Wednesday, the price briefly exceeded $85,000, spurred by U.S. inflation data that was weaker than anticipated, leading to a cooling of expectations for future Federal Reserve rate increases. However, Bitcoin bulls could not maintain this higher price level, and the performance of spot Bitcoin ETFs did not provide sufficient support to sustain the upward movement.