Bitcoin dropped below 85,000 USD due to inflation pressures, with the core Personal Consumption Expenditures Price Index increasing by 0.4% in February. Ethereum decreased by 4.7%, Solana fell by 5.8%, and XRP dropped by 5.7%.
Experts worry about persistent inflation and potential stagflation effects on the U.S. Economy. Despite market volatility, analysts suggest that Bitcoin retains its status as an inflation-resistant asset.
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