Bitcoin Price Wavers, Altcoins Plunge as Inflation Heats Up in February
Portfolio Pulse from
Bitcoin and altcoins experienced significant price volatility following a hotter-than-expected inflation report from the U.S. Commerce Department. The core PCE Price Index rose 0.4% in February, exceeding economists' expectations and raising concerns about persistent inflation. Cryptocurrency markets saw Bitcoin drop below $85,000, while altcoins like Ethereum, Solana, and XRP also experienced notable declines.
March 28, 2025 | 3:15 pm
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Bitcoin price dropped below $85,000 amid rising inflation concerns and potential trade policy changes, demonstrating market sensitivity to macroeconomic indicators.
Higher-than-expected inflation and potential trade tensions are creating market uncertainty, leading to short-term downward pressure on Bitcoin's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100