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Bitcoin Drops over 3% as Hotter U.S. Inflation Data Sparks Market Jitters
- Bitcoin dropped over 3% to $83,971 after core PCE inflation rose to 2.8%.
- Analysts warn that a break below $83,400 could push Bitcoin toward $80,000 or lower.
- Core inflation concerns may delay Fed rate cuts, impacting BTC and other risk assets.
- Bitcoin's immediate support lies at $83,400 and a break below could lead to further correction towards $80,000.
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