Bitcoin's price dropped by 3% following the release of new inflation data, resulting in $1 billion in liquidations across the cryptocurrency market. This decline underscores the persistent volatility in digital assets, as macroeconomic indicators continue to influence market dynamics. The sell-off highlights the sensitivity of cryptocurrencies to broader economic trends, impacting traders and investors significantly.
Bitcoin Falls 3% as Inflation Data Triggers $1B in Liquidations
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.