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Bitcoin slides below $100K as strong U.S. data dim rate cut hopes (BTC-USD:Cryptocurrency)

Closeup of bitcoin coin in a shopping cart with euro coins. BTC coin with dark background.

N Rotteveel/iStock Editorial via Getty Images

Bitcoin (BTC-USD) fell back to below the $100K mark on Tuesday after stronger-than-expected U.S. economic data led investors to further scale back their expectations for interest-rate reductions by the Federal Reserve.

The cryptocurrency gapped down 5.8% to $96.2K, a day after

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