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Crypto Update | Bitcoin Recovers Amid Easing Congestion and U.S. Inflation Slowdown: A Potential New Price Catalyst?

Markets Outlook

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Inflation in April of 2023

Consumer price index growth slowed to a two-year low in April. Inflation continues to devalue citizen paychecks and outpaced Americans rising wages for the 25th straight month. Bitcoin users in Africa are increasingly moving to the Lightning network and stable coins as transaction fees have soared to their highest level in about two years.

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