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Bitcoin (BTCUSD) Tumbles on Fed Hawkishness and Hot Inflation, Bulls Defend $70K Support

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The Story

News Summary

  • Bitcoin fell over 5% after stronger than expected US inflation data and Fed Chair Powell's hawkish comments, but bulls defended the $70,000 support level preventing a deeper selloff.
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BTCUSD price history

77765.76 +18.04% over the displayed period

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