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Bitcoin BTC Price Moves Sideways at $27 5K as Investors Await CPI Inflation Reading

Equities slid. Investors will be watching Wednesday's release of the April Consumer Price Index for clues about the Federal Reserve's next monetary policy decision.

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Bitcoin Moves Sideways at $27 5K as Investors Await CPI Inflation Reading - CoinDesk

Bitcoin Moves Sideways at $27 5K as Investors Await CPI Inflation Reading - CoinDesk
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Why bitcoin keeps wavering between a store of value and a risk asset

Bitcoin has behaved as both a risk asset and a hedge against uncertainty, especially since the banking crisis began. Still, it has soared 77% this year.

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First Mover Asia: Bitcoin BTC Price Decline Due to U S Regulatory Woes: Analyst

ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach.

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