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Bitcoin holds steady as Consumer Price Index data comes in as expected

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The release of December 2022’s Consumer Price Index (CPI) data showed inflation at 6.5% year-on-year (YoY). This came in the same as estimated.

Bitcoin initially dropped 1.4% on the news before recovering. As of press time, it was trading at $18,152.

Source: BTCUSDT on TradingView.com

The post Bitcoin holds steady as Consumer Price Index data comes in as expected appeared first on CryptoSlate.

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