Bitcoin (BTC) Price Tumbles Below $59K Amid Inflation Worry, SEC Lawsuit

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Bitcoin (BTC) Price Tumbles Below K Amid Inflation Worry, SEC Lawsuit



“Hot CPI and oil price spike due to Middle East tensions have created a fear that the Fed will not cut as much as the market previously thought,” Quinn Thompson, founder of hedge fund Lekker Capital, said in a Telegram message. “Mix in [Atlanta Fed President] Bostic’s hawkish comments today regarding a potential pause and that’s the tinder to run the levered traders’ stops.”



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