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Bitcoin falls below $73,000 after brief rise to $74,600 amid inflation data
Bitcoin briefly rose to $74,600 but fell back below $73,000 due to inflation data exceeding expectations, leading to significant liquidations. The rebound's sustainability depends on maintaining the $73,000 level and avoiding forced liquidations. Central banks' preference for gold raises concerns about crypto's appeal. Despite a challenging market, institutional infrastructure for crypto is expanding, with new custody solutions and trading options. Bitcoin remains significantly below its all‑time high.