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Bitcoin rises 2% to $93,500 after inflation data increased chances of further rate cuts
📰 sources⭐ 9.0
TL;DR:
The largest cryptocurrency is now facing a key "resistance" zone at $93,500-$95,000, which has capped its price for nearly two months.
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.