Bitcoin's price recently fell to $58,000, marking a 21-month low, as US Personal Consumption Expenditures (PCE) inflation reached three-year highs. This surge in inflation combined with heightened stock market volatility has weighed heavily on the cryptocurrency market.
According to CoinTelegraph, these conditions triggered approximately $600 million in crypto liquidations within just one hour, reflecting significant market stress. The decline highlights the sensitivity of digital assets to macroeconomic factors and broader financial market fluctuations.
For Japanese investors, who often balance exposure between FX, equities, and crypto, this event underscores the importance of monitoring US inflation data and global market sentiment when managing diversified portfolios.