Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation' (opens original article in a new tab)

Bitcoin fell to $58,000 as US inflation rose to 4.1%, causing market volatility and significant crypto liquidations.

• Bitcoin drops to $58,000, its lowest level since September 2024
• US PCE inflation hits 4.1%, triggering stock market volatility
• Crypto liquidations exceed $600 million in one hour