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Bitcoin Slides to $77K as Hot PPI and ECB Rate Hike Trigger Broad Market Selloff

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The Story

News Summary

  • Crypto and commodities slid following a hotter-than-expected US PPI print of 5.4% and an ECB interest rate hike to 2.65%.
  • Bitcoin fell 3% to $77,285, while altcoins, gold, and silver dropped sharply as surging oil prices above $100 compounded broad macroeconomic tightening fears.
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