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Bitcoin trades flat as US core PCE inflation remains steady as expected

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Bitcoin remained largely unmoved despite equity markets posting gains after Friday's U.S inflation print.

Bitcoin remained largely unmoved despite equity markets posting gains after another U.S inflation print was in line with expectations.

On Friday the U.S. Bureau of Economic Analysis reported that inflation in the country, as measured by the change in the Personal Consumption Expenditures Price Index, held steady at 2.7% on a yearly basis in April.

 

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