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Bitcoin Ranges Near $83K as Traders Look to US Inflation Data
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4 Articles
Bitcoin remains close to $83,000 while operators await the next inflation data from the United States. The pressure on Treasury yields and caution over Federal Reserve policy limit the momentum, despite a reduction in bets for a rise in rates.
The 10-year US Treasury yield climbed to a 24-year high of 5.35%, while Bitcoin dropped below $82,000. The October 14 CPI data will determine the next move.
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