Bitcoin Declines as Markets Await Key U.S. Economic Data

The assessment is based on strong, direct, and consistent evidence from multiple sources. Two highly relevant articles from Investing.com explicitly state that Bitcoin's price declined (falling below $70,000 and dropping to $68.4k) as the market awaited key U.S. economic data, specifically mentioning jobs figures and the Consumer Price Index (CPI). This directly confirms both parts of the statement. Furthermore, this core claim is supported by a significant body of contextual evidence from high-authority financial sources like Charles Schwab and Edward Jones, as well as a crypto-focused platform, Cryptorank.io. These sources independently confirm that the broader financial markets were highly focused on and anticipating a 'deluge' of critical U.S. economic data during the same period. While these sources don't all mention Bitcoin's price movement, they firmly establish the market environment described in the statement. There is no conflicting evidence among the provided sources. No source suggests that Bitcoin's price was rising or that markets were ignoring the upcoming economic data. The high degree of consistency between direct and contextual sources provides a strong basis for concluding the statement is true.