Bitcoin fell to 21-month lows as stock market volatility accompanied three-year highs in US PCE inflation, leading to $600 million in hourly crypto liquidations.
Bitcoin plunged to 21-month lows, dropping below $58,000, amid rising US PCE inflation figures which reached a three-year high. This significant market downturn was exacerbated by stock market volatility. The situation triggered substantial hourly crypto liquidations, amounting…
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