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Bitcoin price drops 3.6% as hot US PPI fuels Fed rate hike concerns

Claire Knox1 min read

Bitcoin has fallen 3.6% over the past 24 hours to around $81,500 as stronger-than-expected U.S. producer inflation has renewed concerns about another Federal Reserve interest rate increase. The U.S. Bureau of Labor Statistics reported on Oct. 15 that September’s producer…

Source: https://crypto.news/bitcoin-price-drops-as-hot-us-ppi-fuels-rate-hike/

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Claire Knox

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