Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate By Cointelegraph
Bitcoin, altcoins sell-off on record-high inflation, however merchants nonetheless count on BTC to consolidate
World monetary markets as soon as once more discover themselves trending decrease on June 10 after the Client Value Index (CPI) got here in at a blistering 8.6% year-over-year improve, the best print since 1981.
The warmer-than-expected CPI print resulted in a collapse of the $30,000 assist and (BTC) value bought off to a every day low of $28,852 earlier than dip patrons managed to bid the value again above $29,000.
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