Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K

And, indeed, bitcoin’s price quickly shot up to almost $31,000 following the report. It didn’t last long. As of press time, BTC had pulled back below $30,500, down more than 1% from where it was before the Consumer Price Index (CPI) data was released.

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• Source: https://www.coindesk.com/markets/2023/07/12/even-as-inflation-risk-fades-bitcoin-remains-stuck-below-31k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines