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Cryptopolitan 2023-12-22 21:02:58

Bitcoin bulls rally, defying U.S. inflation data

Bitcoin’s resilience against U.S. inflation data indicates a shift in market sentiment, highlighting the cryptocurrency’s independence from traditional economic indicators. Despite the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation gauge, showing a lower-than-expected rise, Bitcoin’s price remained stable. This decoupling from inflation data suggests a growing recognition of Bitcoin as a distinct

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