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October CPI sparks another crypto wipeout, but is buying the Bitcoin dip too risky?

By Ritika Gupta

Rising rate-hike expectations and retail pessimism put Bitcoin's contrarian buying signal to the test.

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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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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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