Some of the largest cryptocurrencies lost as much as 5% in 24 hours as traders looked toward Friday's inflation report in the U.S., with warnings of further bitcoin declines.
If the U.S. PCE data comes in hotter than expected, bitcoin could give up half its recent gain and decline to around $65,000, according to bitBank and FxPro analysts.
Bitcoin has been testing support at $67,000, with predictions of dropping as low as $60,000 in the most bearish scenario.
Glassnode detected signs of a recovery in buyer interest, amid the overall market decline.
Ether (ETH) dropped over 5% since Monday, showing volatility despite recent regulatory favors.
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