CryptoCoinDesk3 days ago
The inflation scenario that could send bitcoin tumbling below $60,000
1 min read
Bitcoin is wobbling near $61,000 ahead of May U.S. CPI data expected to show 4.2% year-on-year inflation, a three-year high. A broad inflation reading could push bitcoin below $60,000, though markets may dismiss the print if inflation remains concentrated in energy.
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