CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-05-16 12:59:20

Bitcoin Surges Above $66K as Inflation Data Sparks $48 Million in Liquidations

The post Bitcoin Surges Above $66K as Inflation Data Sparks $48 Million in Liquidations appeared first on Coinpedia Fintech News Bitcoin’s price has surged above the $66,000 mark, leading to a spike in short liquidations totaling over $48 million in the past 24 hours. It followed the release of favorable U.S. inflation data, indicating a potential cooling of inflationary pressures. The Impact of Inflation Data on Bitcoin Wednesday’s data on U.S. inflation showed that the …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.