Newssos
Bitcoin fell to its lowest level in 21 months, touching $58,000 as U.S.
personal consumption expenditures inflation climbed to a three-year high and stock markets turned volatile, triggering $600 million in crypto liquidations within a single hour.
PCE Data Drives Broad Risk-Off Move The move in $BTC tracked a wider pullback across risk assets after the PCE inflation reading — the Federal Reserve's preferred price gauge — came in at its highest level in three years.
Stock market turbulence accompanied the inflation print, and the selloff spread quickly into crypto markets.
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