Crypto · Market move
Bitcoin Near a Three-Month Low After Inflation Data
Bitcoin is down almost 9% in a week as hot US inflation lifted rate-rise bets.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Bitcoin traded at about $73,345, down 8.7% over seven days.
- It fell to nearly a three-month low after the US inflation report.
CoinGecko data show bitcoin at $73,345, down 0.9% in 24 hours and 8.7% in seven days. Bitcoin fell to nearly a three-month low after disappointing inflation data, CoinDesk reported.
Higher US rates tend to weigh on assets such as bitcoin, and steady ETF outflows have added to the pressure.
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