On Friday morning, Bitcoin dropped over 3.5%, to around $65,674, after briefly soaring to near $70,000 earlier this week. The decline was triggered by the stronger-than-expected inflation data released by the U.S., which dampened investors' expectations of an imminent rate cut by the Federal Reserve and led to a decrease in overall market risk appetite.
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On Friday morning, Bitcoin dropped over 3.5%, to around $65,674, after briefly soaring to near $70,000 earlier this week. The decline was triggered by the stronger-than-expected inflation data released by the U.S., which dampened investors' expectations of an imminent rate cut by the Federal Reserve and led to a decrease in overall market risk appetite.