Bitcoin Falls Below $59,300 as AI Trading Slowdown Triggers Market Correction

BTC-2.20%
ETH-1.12%
According to Wintermute's latest report, a slowdown in AI-driven trading sparked broad market correction, with the Nasdaq declining 4.5% in a single session for its fifth consecutive day of losses. Bitcoin fell 5.9% to approximately $59,300, while Ethereum dropped 7.9%. The U.S. May personal consumption expenditures price index (PCE) rose 4.1% year-over-year, reinforcing expectations for sustained higher interest rates and pressuring crypto assets.
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