Bitcoin Down Following August CPI Reading

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Bitcoin's temporary rally has come to an end after the latest U.S. CPI readings returned worse than expected. Chart of the Day breaks down the data, presented by cryptocom:

Bitcoin’s temporary rally has come to an end as the U.S. CPI readings returned worse than expected.

Data from TradingView indicates that bitcoin nearly tested its 10-month bear market early Tuesday. Plus, CryptoQuant’s new report showing bitcoin bottoming out between $10,000 and $14,500. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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