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Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat

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Cointelegraph
By Cointelegraph by William Suberg
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Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat
Photo / Coverage: CointelegraphCredit: Cointelegraph by William Suberg
EXECUTIVE SUMMARY

Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.

Key Takeaways

  • Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat.
  • Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
  • Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.

Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.

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