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Bitcoin falls amid high US inflation
Bitcoin continued its decline by 2.4%, approaching its lowest level since September, following the release of higher-than-expected inflation data in the United States. This has heightened expectations that the Federal Reserve will raise interest rates again before the end of the year. The data raised concerns that rising energy costs are fueling inflation, prompting investors to reduce their risks and sell cryptocurrencies and stocks, especially in the technology and artificial intelligence sectors. There is a 70% probability of a 25 basis point interest rate hike in December.
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