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US dollar steady as traders brace for US inflation data, bitcoin volatile

From channelnewsasia.com

The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data due later this week that is likely to influence the Federal Reserve's policy, while bitcoin was volatile after a fake social media post rattled markets. The U.S. securities regulator said someone briefly accessed its X social media account and posted a fake message saying it had approved exchange traded funds (ETFs) for bitcoin. The Securities and Exchange Commission (SEC) said it had not yet approved spot bitcoin ETFs. Bitcoin surged to a fresh 21-month peak of $47,897 after the fake post, before sliding down to below $45,000 within ... (full story)

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  • Category: Fundamental Analysis