Bitcoin Dips Below $20K as Inflation Hits 9.1%
— Impact, Markets, Hits, Inflation, Sunk, Keoun, High, Dips, Bitcoin, Managing — 1 min read
Bitcoin has sunk below $20,000 after U.S. inflation hit a new 40-year high at 9.1% in June. CoinDesk Markets Managing Editor Brad Keoun discusses the impact of rising inflation on the crypto markets and global finance. Bitcoin Dips below $19,000 as inflation hits new 40 year high at a new record high in the U.K. Inflation hits 9.2% for the first time in 40 years, according to the latest data available to CoinDesk. Bitcoin has declined below $18,000 since the start of the month, with a dip of $16,000 on Monday morning's trading session at $18.50 per cent. Inflation in the United States has hit 9.3% Source