Bitcoin (BTC) dropped to new 21-month lows at $58,035 following high US Personal Consumption Expenditures (PCE) inflation data, which also unsettled stock markets. The price decline triggered over $600 million in crypto liquidations, with analysts suggesting further downside towards $55,000.
Bitcoin (BTC) dropped to $58,035, its lowest point since September 2024, following a surge in US PCE inflation to 4.1%. The news caused significant volatility in stock markets, with the Nasdaq 100 falling 2% in 30 minutes, and triggered over $600 million in crypto liquidations within an hour.
South Korea's stock market experienced a surge in volatility on Monday, with the Kospi index falling sharply due to massive foreign investor outflows totaling $13.2 billion last week. A trading curb was briefly activated to calm market swings.
A University of Surrey study finds companies led by privately educated CEOs experience 5% lower stock market volatility due to investor perception, despite no actual difference in performance or decision-making.
