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Bitcoin hovers near $63,000 despite softer US inflation as weak liquidity weighs on crypto

Bitcoin hovered near $63,000 as weak liquidity and subdued institutional demand offset softer U.S. inflation data. Bitcoin and Ethereum declined 1.31% and 0.70%, respectively, while major altcoins also weakened. Spot Bitcoin volumes plunged to a six-year low, while ETF outflows signalled cautious institutional sentiment, limiting near-term upside prospects.

Source :- Markets-Economic Times Read More

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