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Bitcoin as Inflation Hedge: Investors Flock to Binance Before CPI Data

  • Bitcoin holdings on Binance surged by 22,106 BTC amid investor concern over inflation and CPI data release.
  • Traders are moving funds to Binance in anticipation of inflationary changes linked to CPI and tariffs.
  • The rise in Bitcoin deposits signals market caution as investors seek refuge in crypto ahead of the CPI report.
  • Bitcoin may have been deemed as an inflation hedge and therefore could attract investors now that they are seeking ways to overcome inflation.

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