"Crypto Traders Monitor CPI for Bitcoin's Next Move"

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Source: Barron's
"Crypto Traders Monitor CPI for Bitcoin's Next Move"
Photo: Barron's
TL;DR Summary

Crypto traders are closely watching inflation data as a possible catalyst for the next leg upward for Bitcoin and other cryptocurrencies, which have remained at some of the highest levels since last summer. Bitcoin's price has risen 1.5% over the past 24 hours to $28,325, and its rally has spurred calls for a new crypto bull market, with the largest digital asset up some 70% so far this year.

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