Crypto Today: Bitcoin, Ethereum, XRP consolidate ahead of US CPI inflation data

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure from the escalating US-Iran war, which is driving Oil prices higher and raising concerns about higher inflation. The release of the US Consumer Price Index (CPI) for February on Wednesday could spark volatility in the broader cryptocurrency market, as investor sentiment remains vulnerable.

Bitcoin Price Forecast: BTC steadies near $70,000 ahead of US CPI data

Bitcoin (BTC) price trades around $70,000 as of Wednesday, trimming some of the 5% gains seen earlier in the week. Institutional demand shows signs of strength, as spot Exchange Traded Funds (ETFs) recorded a second consecutive day of inflows so far this week. Traders eye the upcoming US Consumer Price Index (CPI) data release for clues about the Federal Reserve's rate path, which could, in turn, bring some volatility to Bitcoin.

Pi Network Price Forecast: PI extends recovery amid increasing retail demand

Pi Network (PI) trades near $0.2300 at press time on Wednesday, inching closer to a crucial resistance as bulls look to extend the rally. The retail demand for PI is on the rise ahead of Pi Day on March 14, broadly reflecting optimism in the community amid accumulation from large investors and declining PI reserves on Centralized Exchanges (CEXs).