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Bitcoin reaches $84,000 amid Q3 gains
Bitcoin rises to $84,300 amid optimism about easing regulations in the U.S., driven by gains in the third quarter and prospects of lower interest rates due to lower-than-expected inflation data. However, the increase in U.S. Treasury bond yields at the start of the fourth quarter has dampened the rally, as Bitcoin prices declined due to bond yields reaching multi-year highs despite declining inflation. The market is currently watching the U.S. non-farm payrolls data for August for additional clues about future interest rate policies.
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