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Bitcoin (BTC) recovered near $82,000 on Thursday after briefly falling below $80,000, paring losses triggered by hotter-than-expected US inflation data.
Bitcoin recovered above $82,000 after briefly falling below $80,000 as hotter-than-expected US producer inflation intensified concerns over Federal Reserve rate hikes. Nearly $950 million in leveraged positions were liquidated, while spot Bitcoin ETFs recorded $261 million in outflows.
Bitcoin rebounds above $82,000 as Treasury yields fall, but weak ETF flows and Warsh’s Fed remarks could determine whether the recovery continues.