Bitcoin Drops Below $84,000 Ahead of PCE Inflation Data and Micron Earnings

Bitcoin (BTC) has fallen below the $84,000 mark as investors await key U.S. economic data, including the PCE inflation report and Micron's earnings results. The cryptocurrency market is showing cautious sentiment ahead of these major announcements, which could influence broader financial markets and risk assets. Traders are closely monitoring the PCE inflation data, a preferred gauge for the Federal Reserve, as it may impact interest rate decisions. Meanwhile, Micron's earnings could provide insights into the tech sector's health, potentially affecting crypto market sentiment. Bitcoin's price movement reflects ongoing uncertainty, with the $84,000 level serving as a critical short-term support. Market participants are advised to stay alert for volatility spikes following the data releases.