Bitcoin has been unable to break its losing streak and is poised to end the week on a bearish note as investors steer clear of riskier investments due to growing macroeconomic uncertainty exacerbated by higher-than-anticipated inflation figures.
The significant losses come in the wake of the Personal Consumption Expenditures (PCE) data, which revealed a more significant than expected price increase from the previous month. ... Read More: Bitcoin and Ethereum Price Predictions: BTC Dips to $23,000 - How Much Further Can BTC and ETH Fall?