$BTC
Bitcoin falls below $81,000 as inflation data trigger $483 million in liquidations
Bitcoin's price fell below $81,000 after higher-than-expected U.S. inflation data rattled financial markets, triggering $483 million in liquidations of Bitcoin and Ethereum futures positions.
The decline has refocused attention on the $80,000 support level, and at least one analyst has warned of a possible drop to $65,000 if that level fails to hold. The inflation data increased pressure on risk assets broadly, with cryptocurrencies among the hardest hit immediately after the announcement.
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Bitcoin falls below $81,000 as inflation data trigger $483 million in liquidations
Bitcoin's price fell below $81,000 after higher-than-expected U.S. inflation data rattled financial markets, triggering $483 million in liquidations of Bitcoin and Ethereum futures positions.
The decline has refocused attention on the $80,000 support level, and at least one analyst has warned of a possible drop to $65,000 if that level fails to hold. The inflation data increased pressure on risk assets broadly, with cryptocurrencies among the hardest hit immediately after the announcement.
$ETH
$SOL
#CPIWatch #TradingCommunity #CryptoNews