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Bitcoin Price Plummets Below $60K: Analyzing the Sharp Decline and Future Outlook
Bitcoin tumbled beneath the critical $60,000 threshold on Thursday following the release of the Federal Reserve’s favored inflation indicator, which surged to its most elevated reading since 2023. This downturn followed a particularly volatile period during which BTC plummeted 9% across a mere three-day window, marking its lowest valuation since September 2024. The core Personal Consumption Expenditures index registered a 3.4% year-over-year increase, representing the most significant reading since October 2023. Meanwhile, the comprehensive PCE measurement accelerated to 4.1% annually. These figures reinforced ... (full story)
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