Bitcoin And Crypto Face Pressure After Second US Inflation Jump

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Bitcoin trades below nearly five percent from Monday’s record peak and remained mostly stable after the second consecutive monthly rise in US consumer prices revived uncertainty over the Federal Reserve’s rate-cut timetable. The benchmark cryptocurrency was recently quoted around $116,800, down from the all-time high above $123,000 set 24 hours earlier. The June Consumer Price Index rose 0.3 percent on the month and 2.7 percent year on year, exactly matching the headline forecast but marking the...