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Bitcoin hugs $29.5K into CPI as odds split over new US inflation spike

Bitcoin (BTC) hovered near $29,500 on Aug. 10 as markets braced for a fresh United States Consumer Price Index (CPI) print.BTC/USD 1-hour chart. Source: TradingViewTrader warns of Bitcoin "downside" despite CPI volatilityData from Cointelegraph Markets Pro and TradingView showed BTC price action stabilizing in the run-up to the CPI release

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