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Crypto

US Inflation Report Sends Bitcoin Price Reeling

Guavy AI Editorial Team
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BTC ETH
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Bitcoin briefly dipped below $76K after the US inflation report showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations.

The price quickly recovered, trading above $77,100, reflecting mixed investor reactions to the inflation data and its implications for Federal Reserve interest rate decisions.

Ethereum and other major cryptocurrencies remained stable or gained, indicating limited broader market impact.

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