Home Cryptocurrency The way forward for cryptocurrencies is tightening after the US CPI report was released

The way forward for cryptocurrencies is tightening after the US CPI report was released

by SuperiorInvest

Risky asset prices plunged after the CPI release, with Bitcoin falling from $22,700 to nearly $21,000. Ether, Ethereum’s native blockchain token, tanked from $1,760 to $1,594 in a sign of macroeconomic developments that are overpowering the bullish story surrounding the blockchain’s merger — an expected transition to a more energy-efficient blockchain system this week.

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