Live updates: Bitcoin sinks to $77,000 as CPI lands with hike odds near 70%
Every major is red ahead of the August inflation print. Bitcoin is down 5% on the week and zcash fell 10% on the day.
Every major is red ahead of the August inflation print. Bitcoin is down 5% on the week and zcash fell 10% on the day.
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.
Dogecoin dropped 4.5% and ether 2.5%, leading a broad but shallow retreat across the majors, though most remain higher on the week ahead of next week’s Fed meeting.