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Bitcoin (BTC) News Today: Analyzing BTC’s Reaction to US Inflation and Powell
Bitcoin (BTC) gained 2.33% on Monday (May 13). Following a 1.00% rise on Sunday (May 12), BTC ended the session at $62,920. Investors brushed aside Hong Kong BTC-spot market flow data for Monday. According to Farside Investors, the HK BTC-spot ETF market faces a third consecutive day of net outflows. Based on flow data from AMC, the ChinaAMC Bitcoin ETF saw net outflows of $15.5 million on Monday (May 13). Numbers for Harvest and Bosera were pending. Hopes of a September Fed rate cut lingered despite uptrends in US consumer inflation expectations. According to the CME FedWatch Tool, the chances of the Fed leaving ... (full story)