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Bitcoin Breaks $66,000 as US Inflation Rate Slows

Bitcoin has recently surpassed the $66,000 mark, a movement that aligns closely with the latest U.S. economic data indicating a slowdown in inflation. This price increase underscores Bitcoin’s appeal as a hedge against inflation, a role that has been debated and discussed extensively within financial circles. The slowdown in inflation might lead to less aggressive monetary tightening by the U.S. Federal Reserve, which is typically favorable for risk assets like cryptocurrencies. Investors are increasingly viewing Bitcoin not just as a speculative asset but as a strategic hedge in a broader investment landscape. Read more at Decrypt