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Bitcoin Volatility Strikes as Hot PPI Data Spurs Dollar Rally


Bitcoin experienced sharp volatility, dropping to $117,719 before recovering above $118,000, following a surprisingly hot U.S. inflation report. Bitcoin Tumbles Then Rebounds The U.S. Producer Price Index (PPI), a key inflation indicator measuring wholesale goods prices, surged 0.9% for the month...

Bitcoin Stalls After Mixed CPI Data


The market was waiting for a clear signal from Tuesday’s CPI report but despite no increase in overall prices, certain items saw inflation jump to a two-year high. Ambiguous CPI Figures Leave Bitcoin Flat The U.S. Department of Labor Statistics published its consumer price index (CPI) data for July...

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