Ah, Bitcoin, the digital enigma that keeps us all on our toes. The price of this modern-day Midas has slipped below $86,000, sending shivers down the spines of traders everywhere. Legendary trader Peter Brandt, in his infinite wisdom (or perhaps just a moment of candor), has chimed in on X, suggesting that a drop to $70,000 isn’t entirely out of the realm of possibility. This comes as the market collectively holds its breath for the US PCE inflation report, which could either be Bitcoin’s savior or its executioner. 🎢
Bitcoin Under Pressure as Investors Await Inflation Report
Current market data paints a grim picture: Bitcoin is down by over 2.86% in the past 24 hours. According to CoinMarketCap, the digital gold has been trading at around $85,247.20, with sellers firmly in control. The market’s volatility continues to be as predictable as a cat on a hot tin roof, with Bitcoin’s trading volume declining by 2.4% to $25.8 billion. 📉
it’s going to be a wild ride. 🎢
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2025-03-28 16:08