Bitcoin prices have shown significant stability today. (Photo by Chesnot/Getty Images)
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Bitcoin prices have shown little volatility today, fluctuating within a reasonably defined range as global markets process the latest key economic data.
The world’s most prominent digital currency reached as much as $16,916.70 this morning, CoinDesk data shows.
The cryptocurrency, which had been trading between $16,800 and $16,900 since late last night, reached this intraday high after a U.S. government report showed that the personal consumption expenditures price index (PCE index), the Federal Reserve’s preferred measure of inflation, climbed 0.1% in November, down from a 0.4% increase in October.
The PCE index was up 5.5% from one year ago, compared to 6.1% last month.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated….
