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Bitcoin falls on inflation fears — here’s why it could slip 10% lower
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Bitcoin prices fell Tuesday after data showed US inflation rose more than expected in August—giving traders their latest hint that the Federal Reserve will continue to tighten financial conditions in a way that could hurt digital assets.
The price of bitcoin has dropped 4% over the past 24 hours to $21,500, having previously traded in the green around $22,400 before the release of the US consumer-price index (CPI) for August.
The...
Read more on fnlondon.comAbout this in other media
Traders brace for Bitcoin price volatility as DXY 2022 gains near 20% cointelegraph.com /1 year ago
Crypto Price Today Live: Bitcoin holds $19K; XRP, Shiba Inu & Doge zoom up to 9% economictimes.indiatimes.com /1 year ago
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation? blockchain.news /1 year ago
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