Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto

Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto

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Source: Coindesk.com

Crypto prices are sharply lower on Thursday, led by bitcoin's 4% decline. A re-acceleration in inflation pressure in September initially sent markets lower. Declines grew after an SEC lawsuit against digital asset market maker Cumberland DRW. BTC will likely trade range-bound until the U.S. election, Lekker Capital's Quinn Thompson said in a Telegram

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The post "Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto" appeared first here Coindesk.com.

Source: Coindesk.com

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