Bitcoin Slips Below $59,000 Following May PCE Inflation Report
Bitcoin slipped below $59,000 after May PCE inflation came in at 4.1% year-over-year, with market data pointing to liquidations and ETF-flow pressure.
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Read full articleBitcoin slipped below $59,000 after May PCE inflation came in at 4.1% year-over-year, with market data pointing to liquidations and ETF-flow pressure.
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Bitcoin risked turning $60,000 into resistance as BTC price weakness persisted following another tech-driven sell-off in Asian stock markets.
Strategy’s flagship preferred stock tumbled again when U.S. markets opened, setting another record low as Bitcoin lingered below $60,000.
It was another paiful weeks for the crypto bulls but the worst might still not be over.
Three Strategy officials published separate posts within hours Friday defending the company's balance sheet, as bitcoin fell to around $59,600 and STRC preferred shares traded near historic lows.
Bitcoin options skew points to defensive trader positioning as put demand rises and the market consolidates around fragile support levels.
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