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3 US Events to Watch as Inflation and AI Earnings Test Bitcoin

By Kamina Bashir

Bitcoin (BTC) faces three US events this week that could decide whether its slide deepens. Consumer inflation data lands Tuesday, AI chip earnings Thursday, and producer prices Friday. The largest cryptocurrency traded at $74,322, down 1.85% over 24 hours, per BeInCrypto Markets. Hotter inflation could firm bets on a…

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Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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