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Bangkok Post
Bangkok Post
Business

Bitcoin up after US inflation decline

United States Inflation Bitcoin US Federal Reserve Interest Rates

Bitcoin jumped above US$19,000, its highest level since November 2022, as US inflation fell to 6.5%, raising analysts' expectations that the Federal Reserve will increase interest rates by only 0.25% at its meeting later this month.

According to CoinMetrics, the price of Bitcoin soared 8.4% to $19,013 on Jan 13.

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