Bitcoin Prices Are Plunging. Red-Hot Inflation Data Have Knocked Cryptos Lower.
— Weekend, Cryptos, Knocked, Plunged, Rally, Sentiment, Inflation, Data, Prices, Redhot — 1 min read
Bitcoin is down 4% over the past 24 hours to $19,200. The largest crypto made significant gains with a rally into last weekend, changing hands as high as $22,000. The price of Bitcoin is 4% down from $20,000 on Tuesday. Bitcoin and other cryptocurrencies dropped on Wednesday after the release of key U.S. inflation data. Bitcoin is up 4% since Tuesday, approaching the $20k level that it plunged though on Tuesday, but has since fallen back to $18,000 since the data was released on Wednesday. Bitcoin's price has dropped 4% in the last 24 hours since the report's release of the U.K. Inflation data on inflation data released on July 1, 2014. Source