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The Bitcoin (BTC) Price Surge to $50,000 Temporarily Stops Amid Anticipation of US CPI Data Release

CoinGape LogoCoinGape1w ago

 The Bitcoin (BTC) Price Surge to $50,000 Temporarily Stops Amid Anticipation of US CPI Data Release - CoinGape

Quick Summary:

The recent pause in the rally to $50,000 comes as investors are keenly watching the developments to the CPI data release, ahead this month.

After a strong push to $48,500 over the last weekend, the Bitcoin price has registered a modest retrace of around $48,000.

Market sentiment remains focused on the likelihood of the FOMC maintaining interest rates unchanged during its upcoming meeting on March 20.


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 The Bitcoin (BTC) Price Surge to $50,000 Temporarily Stops Amid Anticipation of US CPI Data Release - CoinGape (Picture 1) The Bitcoin (BTC) Price Surge to $50,000 Temporarily Stops Amid Anticipation of US CPI Data Release - CoinGape (Picture 2)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-12 @ 13:39:18 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20040930

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 43 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story " The Bitcoin (BTC) Price Surge to $50,000 Temporarily Stops Amid Anticipation of US CPI Data Release" was covered 1 weeks ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 18 news stories per day.

It's most recent story was published 43 minutes ago.

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  • News ID: #20040930
  • URL: https://beamstart.com/news/bitcoin-btc-price-rally-to-17077163586417

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