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Bitcoin Slips After U.S. Inflation Data as ETFs See Drawdown
Markets had positioned the inflation data as a possible trigger for renewed upside. The muted follow-through, tracked across the live Bitcoin spot market , showed the expected catalyst did not translate into gains for BTC. Read more...
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CoincuBitcoin Slips After U.S. Inflation Data as ETFs See Drawdown
Markets had positioned the inflation data as a possible trigger for renewed upside. The muted follow-through, tracked across the live Bitcoin spot market , showed the expected catalyst did not translate into gains for BTC. Read more...
Bitcoin ended the week at around $62,990, down 2.7 percent. US inflation data for July accurately met expectations, but the expected relief rally failed. Spot bitcoin ETFs turned from their strongest inflow week since April into two consecutive drain days, and XRP fell short of a dollar mark for the first time after a bridge exploit for nearly two years. Significantly heavier than price movement, the structural news weighed down. Goldman Sachs t…
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