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Bitcoin (BTCUSD) Plunges Below $80K on Hot PPI Data, Fed Hike Bets

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin slides below $80,000 amid inflation concerns and hawkish Fed rate expectations.
  • Higher-than-expected PPI data triggers selling across cryptocurrencies, with sentiment indicators turning bearish as markets price in potential rate hikes instead of cuts.
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BTCUSD price history

76409.70 +11.10% over the displayed period

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