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Crypto market falls as US inflation hits 3.7 percent and Fed hike odds rise on prediction markets

  • Crypto market falls as US inflation hits 3.7 percent and Fed hike odds rise on prediction markets — Bitcoin fell below 82,000 dollars after US inflation came in at 3.7 percent, as odds of a Federal Reserve rate hike this year rose on Polymarket and Kalshi. Spot Bitcoin ETFs have lost 278 million dollars this month, while spot Ethereum ETFs have shed 695 million dollars. (The Market Periodical)

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