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Bitcoin Seesaws Back Under $26K After CPI, as Investors Await Fed Rate Hike Decision

The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk.

Updated Jun 14, 2023, 2:32 p.m. Published Jun 13, 2023, 9:22 p.m.
Bitcoin weekly chart (CoinDesk)
Bitcoin weekly chart (CoinDesk)