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Crypto

Bitcoin Tests $80,000 Amid Inflation Data and Fed Commentary

Guavy AI Editorial Team
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BTC
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Bitcoin's price has been steadily increasing, reaching $77,364 on Monday after gaining 22.1% across seven days.

The cryptocurrency's momentum slowed down as it approached $80,000 before its recent surge.

This week is crucial for Bitcoin as three U.S. events could influence Treasury yields, the dollar, and demand for risk assets: July inflation data, revised economic growth, and Federal Reserve Chair Kevin Warsh's Jackson Hole address.

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