Bitcoin Price Dip Sparks Market Concerns
This is a US news story, published by CoinGape, that relates primarily to PCE news.
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Crypto Market TodayCoinGape
•Bitcoin Drops Below $59K; Reasons Why BTC Price Is Falling Today
61% Informative
Bitcoin price drops below $ 59,000 , sparking market concerns and investor uncertainty.
BTC price touched a low of $ 58,116 , while hitting a 24-hour high of $ 63,210.80 .
The recent selloff was sparked by a massive dump by a whale one of the leading crypto exchanges.
Traders are awaiting the US PCE data to gauge the latest inflationary pressure in the country.
Recent reports indicate that investors are staying on the sideline ahead of big tech earnings.
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