Bitcoin Crashes Towards $20K on Inflation (CPI) Numbers: Market Watch

Although the US CPI data was quite close to the estimated target, it still had a vigorous effect on BTC’s price, which dumped towards $20,000.

As such, it spiked above $20,000 before the working week’s end and jumped to $22,000 during the weekend. Even more gainsThis is where the landscape changed as the US As of now, it stands just north of that coveted level, but its market capitalization has plummeted way below $400 billion, and its dominance over the altcoins has declined by 1% in a day.Most altcoins were doing just fine lately, but the US CPI numbers brought them down as well.

Similar daily nosedives are evident from Binance Coin, Ripple, Cardano, Polkadot, Dogecoin, Shiba Inu, Polygon, and Tron. Solana, on the other hand, has dumped by over 11% in a day from $40 to $33.

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