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via seekingalpha.comMarkets

Bitcoin falls 2.51% as October CPI tops estimates

FROM THE WIRE · SEEKINGALPHA.COM

Bitcoin falls 2.51% to about $73,386 as October CPI tops estimates, lifting Treasury yields and markets’ odds of a 25-basis-point Fed hike to 88.7%.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher inflation and rising hike odds weigh on crypto prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bitcoin falls 2.51% to about $73,386.
  2. 02October CPI tops estimates, lifting Treasury yields.
  3. 03Markets' odds of a 25-basis-point Fed hike rise to 88.7%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto73,449.10 USD+0.21%today -2.36%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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