<ul><li>The Bitcoin price crashed below $60,000 following the release of the US CPI inflation data.</li><li>Traders were expecting a 50 bps rate cut, but the inflation data suggests otherwise, causing market uncertainty.</li><li>Other factors contributing to the bearish outlook include US Jobs report and uncertainty surrounding US presidential elections and Middle East tensions.</li><li>Bitcoin whales have sold or redistributed around 30,000 BTC ($1.83 billion) in the past 72 hours, adding to the market uncertainty.</li></ul>

Here’s Why The Bitcoin Price Crashed Below $60,000

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