Bitcoin and Gold Prices Crash As Core CPI Runs Hot
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Bitcoin and gold prices fell sharply after hotter-than-expected core CPI data reinforced expectations that the Federal Reserve may keep interest rates elevated for longer. The report indicates that Bitcoin’s selloff reflected broader macroeconomic risk-off sentiment, as higher yields and a stronger dollar reduced demand for non-yielding assets. The key implication is that Bitcoin remains sensitive to inflation and monetary-policy surprises, with persistent price pressure possible if markets further delay expectations for rate cuts.
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