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Bitcoin Sinks Below $77,000 as Hot PPI and Spiking Yields Trigger Selloff

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin dropped below $77,000 as hotter-than-expected US PPI inflation data and surging crude oil prices stoked inflation fears.
  • Rising 30-year Treasury yields and elevated odds of Federal Reserve rate hikes further pressured risk assets across global markets.
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BTCUSD price history

77110.74 +14.32% over the displayed period

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