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Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next Cryptonews 11 Sep 2024

Bitcoin Price Plunges Back Below $56,000 as US CPI Kills 50bps Fed Rate Cut Hopes – Here’s Where BTC Is Headed Next 📉

USA Bitcoin

The Bitcoin (BTC) price has plunged over 3% on Wednesday, falling below $56,000. This downturn has erased most of the gains seen in a promising rally since the start of the week.

The drop is primarily attributed to US Consumer Price Index (CPI) data, which has dampened hopes for a 50 basis points Federal Reserve rate cut.

Investors are now speculating on Bitcoin's next moves in light of these developments.

Sumber: cryptonews.com ↗

Artikel Serupa (19)

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