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Bitcoin Tumbles from Near $84,000 Ahead of U.S. Inflation Data
Bitcoin experienced a brief run to $84,000 early Wednesday, but quickly fell back to around $83,200. The price is boxed between its 50-day moving average near $81,000 and a ceiling at $84,000. Bitcoin trades close to the Nasdaq 100 in terms of risk, with institutions' caution preventing it from gaining momentum. The market is waiting for the September U.S. inflation data release.