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Bitcoin Hits Two-Month High as CPI Steadies and Short Covering Accelerates
📰 sources⭐ 8.0
TL;DR:
Bitcoin’s rally drew fuel from short covering as steady inflation data and the start of earnings season reinforced trader expectations.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.