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Breaking: Bitcoin Price Eyes Massive Breakout As US CPI Raises Fed Rate Cut Bets

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Summary
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63% Informative

US CPI inflation comes in at 2.4% , down from the market expectations of 2.6% .

Bitcoin price jumped nearly 8% following the release, indicating growing investors' confidence.

Core CPI, which excludes food and energy prices, was at 0.1% in March , down from 0.2% recorded in the prior month .

Year-over-year figure cools to 2.8% from 3.1% , while inflationary pressure cools from 3% in February .

This is one of the most crucial economic data that the US Central Bank considers for their monetary policy.

VR Score

44

Informative language

33

Neutral language

38

Article tone

formal

Language

English

Language complexity

41

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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