Bitcoin temporarily dropped below $71,000 after the U.S. Bureau of Labor Statistics reported higher-than-expected wholesale inflation, causing significant market turbulence. Macro Pressures: PPI vs. Geopolitics Bitcoin momentarily slipped below the $71,000 threshold on Wednesday after the U.S. Bureau of Labor Statistics (BLS) released data showing wholesale inflation came in significantly hotter than expected across all […]
Source: https://news.bitcoin.com/from-76k-to-71k-is-bitcoin-losing-its-safe-haven-status-to-macro-reality/
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