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Bitcoin Retreats to $74K
Bitcoin fell 1% to $74,123.1, pressured by higher-than-expected U.S. inflation data: the Consumer Price Index rose 0.4% in October, while core inflation increased 0.3%, strengthening expectations of an interest-rate hike. Spot Bitcoin ETFs recorded $201 million in outflows on Monday, following outflows of more than $1.2 billion over the previous week, amid concerns about tighter regulatory oversight. Ethereum fell 2.3% to $2,080.42, while XRP and Solana each declined by more than 3%, and Dogecoin dropped 1.4%.
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