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Bitcoin Tumbles as Markets Reel, in the Wake of Gloomy Inflation Data

The digital asset’s price saw a precipitous drop early Thursday morning after the U.S. Bureau of Labor Statistics published data revealing record inflation metrics. Inflation Shock Triggers Bitcoin Slump Just seconds aft...

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

Bitcoin Tumbles as Markets Reel, in the Wake of Gloomy Inflation Data
The digital asset’s price saw a precipitous drop early Thursday morning after the U.S. Bureau of Labor Statistics published data revealing record inflation metrics. Inflation Shock Triggers Bitcoin Slump Just seconds after the U.S. Bureau of Labor Statistics (BLS) published its inflation data at 8:30 am on Thursday, bitcoin ( BTC) fell off a cliff. […]

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

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