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This Week in Bitcoin: GameStop Reveals Reserve, But Inflation Fears Rear Their Head

Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around.

The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week.

Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Price Index, or PCE, was up 0.4% in February—its largest monthly increase in over a year.

This Week in Bitcoin: GameStop Reveals Reserve, But Inflation Fears Rear Their Head

Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around.

The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week.

Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Price Index, or PCE, was up 0.4% in February—its largest monthly increase in over a year.

https://decrypt.co/312210/this-week-bitcoin-gamestop-reserve-inflation-fears