Attention, crypto enthusiasts! 🚀

The cryptocurrency market has seen better days. Bitcoin (BTC) fell below $59,000, hitting a local low of $58,867. This drop resulted in the liquidation of over $250 million in leveraged positions, mostly long.

The news comes after the announcement of a higher than expected consumer price index (CPI) in the US, which could put the brakes on the Federal Reserve's rate cut in November.

What do you think about this volatility? Leave us your comment!