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Bitcoin fell 1.2% to $73,935 on Wednesday, hitting a three-month low, pressured by U.S. inflation data that came in above expectations, a stronger dollar and rising bond yields, as well as outflows from exchange-traded funds. Market bets on a 25-basis-point Federal Reserve rate hike in December rose to around 89%, while regulatory concerns grew after Democrats took control of both chambers of Congress. The decline spread to altcoins: Ethereum fell 2.4% to $2,066, and XRP dropped around 3.8%.
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