Bitcoin drops after hot wholesale inflation data dampen Fed rate cut bets

1 hour ago 1
Bitcoin Cryptocurrency concept

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Bitcoin's (BTC-USD) price gapped down in Thursday late morning trading after hotter-than-expected inflation data dented expectations for interest-rate cuts by the Federal Reserve.

The cryptocurrency retreated 4.2% in the last 24 hours to $118.1K at 11:45 a.m. ET. Ether (

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