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Bitcoin (BTC) Weathers World Market Hunch Sparked by Inflation Soar

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Bitcoin rode out a surprisingly sturdy US inflation print that roiled international markets by dimming hopes for fast interest-rate reductions.

The digital asset traded at $49,500 as of 10:21 a.m. Wednesday in Singapore, close to the very best stage in over two years and little modified since Tuesday’s publication of above-forecast figures on US shopper costs in January.

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