Bitcoin extended decline on Thursday and plunged to $58,000 as the latest U.S. PCE inflation revealed price increases had soared to a three-year high. This suggests the Federal Reserve may need to maintain tight monetary policy for even longer. Ad Ad Bitcoin Tumbles Amid U.S. PCE Data The U.S. Bureau of Economic Analysis (BEA) reported The post Breaking: Bitcoin Crashes To 58K As US PCE Inflation Rises To 3-Year High At 4.1% appeared first on CoinGape.

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