Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data

Bitcoin has recovered slightly despite its price getting hit again by hotter-than-expected inflation data. Bitcoin’s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data. The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York. Over a 24-hour period, it’s only down over 1% after making a recovery. But over the past week, it’s shed nearly 3% of its value. Data Thursday from the Labor Department’s Bureau of Labor Statistics showed U.S.

Source: Bitcoin Magazine