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๐ $BTC is trading around $74,500, up 1.4% in the last 24 hours.
After a volatile week and a dip toward $73K, โฟitcoin is showing signs of recovery ๐
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๐ $BTC and $ETH slide as US inflation comes in hotter than expected!
Crypto markets reacted to October's higher-than-expected inflation data, fueling concerns over further Fed rate hikes.
๐ Market Snapshot:
๐ด $BTC: $73.4K (โ2.01%), approaching recent lows.
๐ด $ETH: $2,042 (โ3.97%), hitting its lowest levels since August.
๐บ๐ธ US Inflation:
โข CPI: +0.4% vs. +0.3% expected
โข Core CPI: +0.3% vs. +0.2% expected
With inflation adding pressure to risk assets, traders are watching key support levels closely.
๐ Will โฟitcoin hold $73K, or could another move lower be ahead?