Crypto Market Suffers Major Correction Amidst PCE Inflation Surge and Schiff’s Dramatic Claims

The cryptocurrency market experienced a significant correction, resulting in over $480 million worth of long liquidations, as Bitcoin fell to its lowest point since September at $108,000. This dramatic price drop follows the release of US PCE inflation data, which has fueled fears of further economic instability. Crypto analyst Peter Schiff echoed this sentiment by declaring ‘Game Over’ in the market.