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CNBC

Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite

CNBC
Summary
Nutrition label

76% Informative

Bitcoin rose 4.5% to $ 97,044.35 on Tuesday , after sliding below the $ 90,000 support level to start the week .

The price of the flagship cryptocurrency is 10% off its Dec. 17 record.

The Bureau of Labor Statistics reported cooler-than-expected inflation in December .

The producer price index, which measures wholesale inflation, increased just 0.2% .

VR Score

87

Informative language

94

Neutral language

33

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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