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Bitcoin continued to commerce sideways on Tuesday after information confirmed U.S. inflation continued to sluggish in Might. The biggest cryptocurrency is buying and selling at round $26,050, up 0.6% over the previous 24 hours, based on CoinDesk information. Bitcoin rallied 57% to this point this 12 months, however remains to be down over 60% from its all-time excessive in 2021. For the previous month, it has been buying and selling within the vary of $25,000 and $28,500. Shopper costs rose a scant 0.1% in Might and will cement a choice by the Federal Reserve to “skip” a rise in rates of interest this week.
-Frances Yue
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(END) Dow Jones Newswires
06-13-23 0924ET
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