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Bitcoin Price Prediction: Will BTC Recover If US Inflation Keeps Rate Hike Bets Alive?

By Frank bevah

Bitcoin price traded below $75,000 on Monday, November 9, as investors prepared for another inflation test. The cryptocurrency lost more than 4% last week, extending its decline for a fifth consecutive week. Ethereum held above $2,100, while XRP price approached $1 as weakness spread across major digital assets.…

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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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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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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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