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Finance
Finance· Inflation

Bitcoin Holds, Wall Street Stalls as Oil Shock Revives Fed Hike Bets

Bitcoin traded around $78,524 on Tuesday, slipping about 0.7% while the S&P 500 fell 0.37% to 7,689.80 as oil climbed toward $100 a barrel amid renewed U.S.-Iran hostilities in the Strait of Hormuz. Markets are braced for Friday's inflation data and the Federal Reserve's Sept. 15-16 meeting after a stronger-than-expected jobs report raised the odds of a rate increase.

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