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Title: Bitcoin Retreats Back to $104k as Markets Eye Fed Decision and Latest EU, UK Inflation Data
The price of Bitcoin has retreated back to around $104,000 as investors become increasingly cautious ahead of the Federal Reserve’s highly anticipated decision on interest rates. As the world waits with bated breath for clarity from the central bank, markets have become increasingly jittery.
Recent data suggests that the global economy remains plagued by persistent trade imbalances, with domestic demand remaining robust. This has led to a landscape where investors are growing increasingly uncertain about the future trajectory of risk assets and liquidity.
As Bitcoin’s volatility reflects this uncertainty, it is becoming increasingly clear that any major macroeconomic developments have the potential to send shockwaves through the cryptocurrency market.
Source: cryptoslate.com
