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The Economic Times
The Economic Times
Business
Surbhi Khanna

Bitcoin consolidates near $78,000 as investors await key US inflation, Fed cues

Bitcoin United States Crypto US Federal Reserve Ethereum Avinash Shekhar

Bitcoin consolidated near the $78,000 mark on Thursday as the upcoming U.S. CPI data and the Federal Reserve’s rate decision have become the key near-term catalysts. The cryptocurrency was trading at $77,942 mark.

In the past 24 hours, Bitcoin was down 1.35%, and Ethereum was down 1.09% to trade at the $2,467 mark. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano corrected up to 5.98%, and Tron was up 0.32%.

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