Bitcoin climbs back above $40,000, as U.S. inflation hits a record 8.5%.
Bitcoin andboth fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year.
Overall, cryptocurrency markets were down 1% as of writing.dropped below its key level of $40,000 earlier in today’s session, as recent losses in value continued to mount./USD fell to an intraday low of $39,373.06 on Tuesday.
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