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Bitcoin Reverses Initial Losses as US Inflation Jumps More Than Expected

Prices of bitcoin (BTC) and ethereum (ETH) initially fell today, before later trimming losses, as traders feared more aggressive monetary policy tightening after the US Consumer Price Index (CPI) showed that inflation in...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin Reverses Initial Losses as US Inflation Jumps More Than Expected
 
Prices of bitcoin (BTC) and ethereum (ETH) initially fell today, before later trimming losses, as traders feared more aggressive monetary policy tightening after the US Consumer Price Index (CPI) showed that inflation in the world’s largest economy has reached 7.5% year-over-year, coming in well above analysts’ expectations....
Read More: Bitcoin Reverses Initial Losses as US Inflation Jumps More Than Expected

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