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Bitcoin price sheds $1K in 3 minutes as US CPI inflation overshoots

Bitcoin's 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market.

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

Bitcoin price sheds $1K in 3 minutes as US CPI inflation overshoots

Bitcoin's 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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