Bitcoin Rebounds to $59.5K After Testing $58K Low on PCE Data

Bitcoin stabilized near $59,542 on June 26 after touching an intraday low of $58,189, recovering modestly from the sharp selloff triggered by hotter-than-expected May PCE inflation at 4.1% YoY. The move followed a three-day 9% decline that pushed BTC to a 20-month low near $58,000 on June 25 and triggered over $1.3 billion in liquidations affecting 210,000 traders. Spot Bitcoin ETFs recorded $651 million in net outflows across three sessions, while MicroStrategy shares hit multi-year lows, amplifying downside pressure amid persistent hawkish Fed expectations.