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Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K

Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.

Updated May 10, 2024, 3:24 p.m. Published May 10, 2024, 3:20 p.m.
Bitcoin tumbled during U.S. morning hours (Shutterstock)
Bitcoin tumbled during U.S. morning hours (Shutterstock)