Bitcoin stabilizes in $82,000-$85,000 range as inflation data cools Fed hike bets

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Bitcoin began the new quarter trading within its previous range of $82,000 to $85,000. The price briefly exceeded $85,000 on Wednesday following subdued U.S. inflation data. This data reduced market expectations for further interest rate hikes from the Federal Reserve. However, the upward momentum was not sustained, and spot ETF activity failed to provide additional support.

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