Bitcoin rebounds above $79,000 following US CPI data matching forecasts
Cointelegraph
Summary · in our words
Bitcoin briefly surpassed $79,000 in price movement following the release of US Consumer Price Index inflation data that aligned with market expectations. US equity markets shifted to positive territory concurrent with the CPI announcement. The bond yield market reached a new 22-year high in response to the economic data.
Not investment advice.
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The headline and data come from Cointelegraph. The summary and analysis are Mergen's own; the full article text is not republished here.
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