2022 – Bitcoin Drops Below $30,000, Altcoins Suicide! Here Are The Top Drops
Today bitcoinAll eyes were on the inflation data coming from the USA in Turkey and global markets.
It was expected that there would be a decline in annual inflation, but the data announced came above expectations.
While the inflation expectation was 8.1%, annual inflation was announced as 8.3%.
US inflation data was announced as 8.3% annually.
8.1% expected per year
monthly expected 0.2%#Bitcoin— Bitcoin System (@bitcoinsystem) May 11, 2022
Could the FED become more hawkish if the inflation is above expectations? While raising questions, the market reacted to this data.
While US futures are trading with a loss of around 1%, stock market openings are expected after inflation data.
After the inflation data, we see that there are serious losses in altcoins, while Bitcoin regresses to $ 29,000.
Although Ethereum is relatively strong, losses in many altcoins have reached 30%.
According to Coinmarketcap data, the top 100 coins that lost the most value are:
*Not Investment Advice.