Bitcoin Slips Below $73,000 as Core Inflation Hits Fed’s Rate Hike Warning Line

TLDR October CPI rose 0.4% and core CPI rose 0.3%, both above forecasts. Core inflation matched the 0.3% level Fed Governor Christopher Waller flagged for a possible larger rate hike. Bitcoin fell to an intraday low of about $72,836 before recovering near $73,300. About $178 million in long crypto positions were liquidated within an hour [...]

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