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

October 11, 2024
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“Scorching CPI and oil value spike as a result of Center East tensions have created a concern that the Fed is not going to minimize as a lot because the market beforehand thought,” Quinn Thompson, founding father of hedge fund Lekker Capital, mentioned in a Telegram message. “Combine in [Atlanta Fed President] Bostic’s hawkish feedback at the moment relating to a possible pause and that is the tinder to run the levered merchants’ stops.”



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Tags: 59KBitcoinBTCinflationLawsuitPriceSECTumblesWorry
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