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Bitcoin Holds Steady Before U.S. Inflation Data
Bitcoin remains stable around $83,500 as American inflation data is anticipated, following a slight decline of 0.16%. Other cryptocurrencies experienced minor losses due to profit-taking and Middle East tensions, but funding flows into Bitcoin funds increased by $175.6 million, indicating a partial recovery. The release of US Consumer Price Index (CPI) data is expected to possibly show persistent inflationary pressures, which could support interest rate hikes and impact the cryptocurrency market.
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