Bitcoin, Ethereum, Dogecoin Trade Lower Following Inflation Data: 'Pray $58K-$59K Holds Or Else It's Nuke City For Bitcoin Baby'
Cryptocurrency markets declined, with Bitcoin at $59,579.75 (-2.4%) and Ethereum at $2,360.93 (-2.3%). Outflows from Bitcoin ETFs continued, large transaction volumes dropped by 25.7%, and 71,977 traders faced liquidation in the last 24 hours, indicating overall market weakness amidst inflation concerns. - source