Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S....

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

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Source: Coindesk.com

Bitcoin (BTC) dropped briefly below $63,000 on Thursday as cryptocurrencies tumbled following fresh data showing hotter inflation and slower growth in the U.S. in the first quarter.

The U.S. government's preliminary report for first quarter GDP showed growth of just 1.6%, substantially lower than the 2.5% analysts estimated and down from 3.4% in the fourth quarter of

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The post "Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report" appeared first here Coindesk.com.

Source: Coindesk.com

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