Bitcoin (BTC) briefly dove to as low as $34,970 during afternoon hours from near $36,600 this morning after the Consumer Price Index (CPI) for October came in flat versus expectations for a slight rise.
Traditional markets, meanwhile, were all in on the idea that the Federal Reserve is now finished with rate hikes and indeed could be cutting rates in the first half of 2024. Late in the session Tuesday, the Nasdaq was higher by 2.3% (and now ahead more than 10% in November) and the S&P 500 was up 1.8%.
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