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Bitcoin Traders Left Guessing Near $64K Amid US Inflation Data Surprise

Guavy AI Editorial Team
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BTC
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Bitcoin's price has been hovering near $64K as traders remain uncertain about its next move.

The cryptocurrency market saw a slight boost on Wednesday, driven by the positive inflation data from the United States. The Personal Consumption Expenditures (PCE) Price Index, also known as the 'true' inflation gauge, came in lower than expected, with a 0.2% increase in April.

This development has lifted stocks and has had a ripple effect on the crypto market. However, Bitcoin's price remains relatively stable near $64K, leaving traders guessing about its next direction.

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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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