
Markets2m read
Bitcoin Plunges to $58,000 Amid High US PCE Inflation and $600M Liquidations
Bitcoin plummeted to a 21-month low of $58,000, triggering $600 million in hourly liquidations amidst US PCE inflation hitting a three-year high.

Bitcoin plummeted to a 21-month low of $58,000, triggering $600 million in hourly liquidations amidst US PCE inflation hitting a three-year high.

Bitcoin derivatives are signaling panic on June 25, 2026, but a weak Core PCE reading could trigger a market snapback for the cryptocurrency.

Bitcoin's recently established market support level is poised for a crucial test with the release of Thursday's U.S. core PCE inflation data.