Bitcoin‘s value has plummeted to $58,035 during the recent Wall Street session, marking its lowest level since September 2024. This decline aligns with heightened unpredictability in prominent stock indices, following the release of new US inflation data that stirred markets. The US Personal Consumption Expenditures (PCE) Price Index, a crucial measure for the Federal Reserve, increased by 4.1% year over year in May. This unsettling rise, alongside a 0.4% monthly increase and a worrying 0.3% uptick in the core indicator, shook investor confidence. The figures signaled a slower-than-expected cooling of inflation, promptly leading to widespread sell-offs in riskier assets.