Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot

Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot


Prices for risky assets tumbled after the CPI release, with bitcoin falling from $22,700 to nearly $21,000. Ether, the native token of Ethereum’s blockchain, tanked from $1,760 to $1,594, in a sign of the macroeconomic development overpowering the bullish narrative surrounding that blockchain’s Merge – an expected transition this week to a more energy-efficient blockchain system.

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