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Bitcoin threatens new breakdown as US PPI sends gold to 1-month high

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Bitcoin threatens new breakdown as US PPI sends gold to 1-month high

Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day.

Bitcoin (BTC) slid further into Friday’s Wall Street open as US inflation data overshot expectations.

Key points:

Bitcoin price downside strengthens as US inflation data comes in hot.

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2h ago
bullish:

0

bearish:

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