Bitcoin Hits Multi-Year Low Amid Inflation Concerns and Crypto Selloff
On June 25, Bitcoin fell to a multi-year low below $58,000 amid rising inflation concerns. The Personal Consumption Expenditures (PCE) index increased to 4.1%, fueling fears of potential Federal Reserve rate hikes and triggering significant crypto liquidations totaling over $898 million in the past day.
Tickers: $BTC $ETH $ETHA $HSDT $IBIT $SOL
Topics: Bitcoin Crypto ETFs Ethereum Inflation Data Market Volatility