Bitcoin Crashes Toward $65K as Hot Inflation Data Shatters Rate Cut Hopes

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TL;DR: The leading cryptocurrency fell over 3.5% after producer prices exceeded forecasts. Analysts suggest the asset will remain in a sideways range until consistent new institutional demand appears. The market is now looking forward to the approval of the Clarity Act to revive bullish momentum by year-end.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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