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Live updates: Bitcoin tumbles from near $84,000 ahead of U.S. inflation data

According to CoinDesk, Bitcoin experienced a brief spike to $84,000 early Wednesday but fell back to about $83,200, down 0.5%, and remains between its 50-day moving average near $81,000 and a ceiling at $84,000. Traders have defended the 50-day moving average after Bitcoin bottomed near $81,000 but have struggled to push past the $84,000 level. Major cryptocurrencies like ZEC and TRX rose about 1%, while HYPE declined 2%. Market activity appears cautious as Nasdaq 100 futures are little changed, and investors await the U.S. inflation report, with some forecasts indicating a slowdown in underlying prices.

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Bitcoin Crypto News Page 4

Live updates: Bitcoin tumbles from near $84,000 ahead of U.S. inflation data

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