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Bitcoin Drops to $81,300 Support as Fed Hike Probabilities Rise to 55% Amid $100 Million Crypto Liquidation
Bitcoin fell below $83,000 on Wednesday as hotter-than-expected US core inflation data revived expectations of further Federal Reserve interest rate hikes, triggering a fresh wave of liquidations across the cryptocurrency market. CoinGlass data showed that over $100 million in leveraged positions were liquidated in the hour after the inflation report was released. This also pushed…
