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Bitcoin Price Soars Above $65K on Soft Inflation Data

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BTC
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The Bitcoin price rebounded to nearly $65,000 after softer U.S. inflation data eased fears of another Federal Reserve rate hike.

Annual headline PCE inflation cooled to 3.7%, while core inflation eased to 3.3%.

Gold and silver also advanced as U.S., Iran hostilities supported demand for defensive assets.

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