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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Wrap: US Inflation Data Roils Markets, Bitcoin and Ether FallMARKET WRAP: Markets see red as inflation data underwhelms. Risk assets decline across the board. GWilliamsJr_CMT and _jocelynyang_ report GWilliamsJr_CMT _jocelynyang_ So, 🔥 everybody's printing free 💰 off defi and you won't mention it GWilliamsJr_CMT _jocelynyang_ It's live now airdrop on👏
Source: CoinDesk - 🏆 291. / 63 Read more »

BTC price clings to $20K as US stocks lose the equivalent of 4 Bitcoin market capsBTC price returns to $20,000 on a U.S. stock market rout with Bitcoin bears making a comeback. I don't undertand why nobody talk about this Markets are being manipulated to wreck the currencies of enemies of the D.C government, both fiat and crypto. The D.C government is using the livelihoods of Americans as leverage for this. It's them against everyone else, they have no allies. It's a malicious regime on a rampage temporary volatility
Source: Cointelegraph - 🏆 562. / 51 Read more »