Bitcoin Drops to $58K Amid $1.26B in Liquidations as US Inflation Data Sparks Market Sell-Off
Bitcoin fell below $58,000 on June 26 after hotter-than-expected U.S. inflation data reduced expectations for a Federal Reserve rate cut and triggered a broad selloff across risk assets. Over $1.26 billion in leveraged positions were liquidated within 24 hours, affecting more than 209,000 traders.
Topics: Bitcoin Fed rate expectations leveraged trading liquidations PCE inflation data