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Bitcoin Approaches $38,000 as Dollar Vulnerable
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Bitcoin's price is approaching $38,000, the level last seen in May 2022, due to expectations of increased demand from exchange-traded funds (ETFs). The dollar remains steady but vulnerable after the Federal Reserve's hawkish rhetoric shift. The US dollar dropped to a six-week low after softer-than-expected jobs data, reinforcing expectations that the Federal Reserve will hold interest rates steady at its December meeting.
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