Cryptocurrency prices fell sharply over the weekend after yesterday’s U.S. inflation report came in at a 40-year high of 8.6%.
Bitcoin
After several days of consolidation,BTCfinally moved late Friday into Saturday as crypto prices reacted to the latest inflation report.
Data from the U.S. showed inflation at a 40-year high of 8.6%, which is higher than the 8.3% many had expected.
So it seems that investors panicked and in turn liquidated some of their positions in the crypto market.