Bitcoin Tumbles Below $50,000 Amid US CPI Data Stir
In a recent market shake-up, Bitcoin slid below the critical $50,000 mark, as higher-than-anticipated US inflation data raised hesitancies towards prospective Federal Reserve rate cuts. The cryptocurrency market, witnessing a small yet noticeable contraction, saw its market capitalization dip by 0.54% to approximately $1.86 trillion in a span of 24 hours.
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