Bitcoin dips ahead of U.S. inflation data as traders weigh a Fed rate hike

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Bitcoin fell ahead of the release of a closely watched U.S. inflation report, as traders factored in a possible Federal Reserve interest rate increase. Fed Governor Waller said he supports tightening in December even if inflation begins to ease. Falling oil prices provided some relief to the outlook. Separately, Anthropic withdrew details about the pricing of its planned initial public offering.

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