Bitcoin Falls Under $59,000 Amid Inflation Woes

Bitcoin (BTC) fell to nearly $58,900 amid regulatory pressure and financial turmoil. CoinMarketCap data shows that Bitcoin fell to $58,930 earlier today after trading at $61,200 earlier within the last 24 hours. , Bitcoin has mostly recovered and is trading at over $61,100. Ethereum (ETH) fared significantly better. It has seen gains after falling $100 to nearly $2,300 earlier today.

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