Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Bitcoin is showing up inside the Macro & Rates theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CointelegraphRelated market context
Bitcoin’s $65,000 rebound looks like a relief rally, but Wednesday’s Fed decision could turn it into a trap
Bitcoin reclaimed $65,000 on Monday as a pause in US-Iran strikes revived demand for risk assets ahead of a pivotal Federal Reserv...
Dollar reaches one-month high on Fed hike speculation, putting pressure on Bitcoin
A stronger dollar amid Fed rate hike speculation could intensify crypto market volatility, impacting investor strategies and asset...
Ethereum hits three-month high against Bitcoin as ETH outpaces BTC by triple
Ethereum's recent gains against Bitcoin suggest a potential shift in market dynamics, attracting increased institutional interest...
Bitcoin shrugs off AI selloff but high-stakes Fed meeting could determine what's next
BTC held near $65,000 even as Nvidia and AI stocks fell sharply. This week's Fed decision could determine whether bitcoin finally...
Chip stocks decline as Nasdaq falls ahead of tech earnings, dragging crypto miners down with them
The decline in chip stocks highlights the vulnerability of tech and crypto sectors to market volatility, impacting investor confid...
Sam Altman ChatGPT AI Predicts Bitcoin Will Do Something Incredible Before 2027
Sam Altman ChatGPT AI is extending the timeline on this one. Rather than an end-of-year prediction, it frames the Bitcoin price pr...