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Bitcoin Defies Sticky US Inflation Fears to Rebound Above $79,000

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The Story

News Summary

  • Unexpectedly sticky US core inflation spurred hawkish Federal Reserve expectations and triggered $283 million in spot Bitcoin ETF outflows.
  • However, cryptocurrencies proved resilient, with Bitcoin rebounding nearly 2% to trade near $79,140, buoyed partly by an overnight slump in crude oil prices.
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BTCUSD price history

77108.22 +14.31% over the displayed period

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