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Bitcoin, Ethereum Technical Analysis: BTC and ETH Move Lower Compared to US Inflation Data

 

As markets prepare for big economic announcements, Bitcoin traded below $17,000 at the beginning of the week. Tomorrow’s U.S. inflation figures are expected to be released and will fall to 7.3%. Many believe that this will lead to the Federal Reserve changing its aggressive rate-hiking policy. Ethereum was also lower than expected.

 

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