Major cryptocurrencies experienced declines on Friday, with Bitcoin sliding under $84,000, as market participants reacted to an unexpectedly strong inflation gauge reading alongside concerns over the recent trade measures announced by US President Donald Trump.
The core Personal Consumption Expenditures Price Index (PCE) increased by 0.4% during February, recording its biggest monthly gain in more than a year, according to U.S. Commerce Department data released Friday. Analysts had projected a 0.3% rise.
Bitcoin slumped 3.73%, selling for $83,977 at 11:10 am ET. Ethereum plummeted 5.90%, selling for $1,884 a minute later.
