First Mover Americas: Bitcoin Tumbles Below $22K on Higher-Than-Expected US Inflation

First Mover Americas: Bitcoin Tumbles Below $22K on Higher-Than-Expected US Inflation


The index, which tracks the greenback’s value against major fiat currencies, peaked above 110 last week as the European Central Bank rate hike put a floor under the euro, and inflation expectations fell, offering relief to risky assets, including bitcoin. As of press time, the index was trading lower at around 108.

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