Bitcoin Surges Past $81,000 as Fed Rate-Hike Fears Ease Bitcoin surged past $81,000 to its

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Bitcoin Surges Past $81,000 as Fed Rate-Hike Fears Ease

Bitcoin surged past $81,000 to its highest level in nearly four months as expectations of a US Federal Reserve rate hike eased.

Fed Governor Christopher Waller indicated support for keeping rates unchanged if inflation continues to cool.

The rally also triggered massive liquidations of bearish leveraged positions, with short traders bearing most of the losses.
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