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Bitcoin’s rate cut relief stalls as service inflation flares

Bitcoin’s rate cut relief stalls as service inflation flares
AI summary

Bitcoin's relief from expected rate cuts is stalling as service-sector inflation shows renewed strength. October's services prices index eased to 73, but its 12-month average climbed to 69.2, the highest since April 2023. Persistent services inflation could keep the Federal Reserve from cutting rates, a headwind for risk assets like BTC.

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