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Bitcoin’s Rollercoaster: Price Fluctuates Below $60,000 Amid Inflation Data and Market Reactions Coinotag 15 Aug 2024

Bitcoin’s Rollercoaster: Price Fluctuates Below $60,000 Amid Inflation Data and Market Reactions 📉

consumer price index (CPI) USA Bitcoin

On August 14, the U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) data for July. Following this, Bitcoin's price surged to $61,809 as the market reacted to the new inflation data.

However, despite this initial surge, Bitcoin experienced significant price fluctuations and has been unable to stabilize, consistently staying below the $60,000 mark amid varying market reactions.

Source: en.coinotag.com ↗

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