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Bitcoin price fell 3.6% as U.S. producer inflation reached 6.3%, adding to Fed rate hike concerns after Wednesday’s hotter consumer inflation report.
Can a single inflation report change the outlook for Bitcoin and the Federal Reserve within hours? That is what happened after U.S. producer inflation surged in
Bitcoin price risks falling toward $78,200 as hot US CPI data fuels Fed rate hike bets. A bearish flag pattern signals further BTC downside.