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Crypto

Bitcoin Surges to $85K on Cooling US Inflation Rate

Guavy AI Editorial Team
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BTC
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Bitcoin's price has reached a new high of nearly $85,000 as investors react to the latest US inflation report. The data shows that the PCE (Personal Consumption Expenditures) inflation rate has cooled to 3.3%, which is below expectations.

This news has sent a positive signal to traders, who are now speculating about the possibility of another interest rate cut by the Federal Reserve. As a result, Bitcoin's price has surged, nearing $85,000 in value.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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