Market News
Bitcoin Drops to Almost Three-Month Low as US Inflation Dims Risk Appetite - BLOOMBERG
Bitcoin fell to its lowest level in around three months as a faster-than-estimated increase in US inflation and signals that interest rates could keep rising helped to diminish the appeal of risky assets such as cryptocurrencies.
The original digital currency fell as much as 3% to $72,695, expanding the token’s loss for the year to around 17%. Smaller, more volatile tokens fell more, with Ether and XRP both down greater than 5%, while Zcash tumbled about 14%.
