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Bitcoin holds near $80,000 as Fed caution weighs

Original: bitcoin

Bitcoin is trading around $80,000, staying stable while markets absorb hawkish signals from the US Federal Reserve and higher-than-expected inflation. Analysts note the combination of tight monetary policy and persistent price pressures is limiting appetite for risk assets, keeping the cryptocurrency range-bound. Interest in the price action is high across multiple countries, with Brazil, Spain, Britain, Germany, France and Canada all seeing searches spike.

Why now: The Fed's hawkish stance and elevated inflation are driving renewed attention to bitcoin's price movement worldwide.

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