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Bitcoin Slides to $78,700 as Rising Oil and Capital Rotation Pressure Support

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The Story

News Summary

  • Bitcoin retreated toward $78,700 after failing to sustain gains above $82,000, while market dominance fell for a fifth straight day.
  • Surging crude oil prices renewed inflation concerns ahead of the Federal Reserve's rate decision, raising risks of a deeper correction toward $74,000 if key support fails.
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104.21 +72.70% over the displayed period

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