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Bitcoin Holds Above $83K

Bitcoin maintained its position above $83,000 as traders prepared for US inflation data. The cryptocurrency held key weekly support at $82,500, with traders anticipating volatility driven by the upcoming US Consumer Price Index (CPI) data. Additionally, high Treasury yields continued to affect risk appetite, pushing Bitcoin to remain above $83,000. The market was also influenced by a strong dollar and rising bond yields, which put pressure on gold and tech futures. No new features or changes were mentioned in the update.

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