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Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States., the volatility triggered $175 million in liquidations over the past 24 hours. The single largest liquidation took place on a Binance BTC/USDT trade for $3.56 million.
“I need to see some of these uncertainties resolved about the path that we’re on, and we need to remain very flexible,” Logan said.preferred inflation metric – has failed to make meaningful progress towards the central bank’s 2% target. What’s more, data on Friday showed a jolt to consumers’ inflation expectations, with year-ahead expectations rising to 3.5% next May.
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