8.3% U.S Inflation CPI Causes Panic Among Investors, Bitcoin Drops Further - BitcoinEthereumNews.com
Bitcoin8.3% U.S Inflation CPI Causes Panic Among Investors, Bitcoin Drops Further05 / 11 / 2022Balita ng Ethereum ng Bitcoin 2 oras ang nakalipas | 2 mins basahin Balita ng mga Editor With Bitcoins price falling, miners may be in for a rough ride as well. After the readings, other major cryptocurrencies also went negative for the day. Minutes after statistics indicated that U.S. inflation was more than predicted in April, Bitcoin (BTC) fell below $30,000 on Wednesday. As a result, the price of Bitcoin (BTC) tumbled more than 6% from intraday highs and reached a low of $29,100. After the readings, other major cryptocurrencies also went negative for the day. Ethereum is down roughly 7%, while Binance Coin and Malit na alon are both down 16% and 20%, respectively. In addition, after statistics indicated that the U.S. consumer price index (CPI) jumped 8.3% in April, more than the forecast of 8.1%, BTC fell sharply, mirroring what was observed in U.S. stock futures. This month‘s Consumer Price Index (CPI) data reveals that inflation is reaching its high, but the rate of price increases is expected to continue for some time to come. As a result of this year’s strong inflation, the Federal Reserve and other major central banks