Crypto Pares Losses From Decline Fueled by US Inflation Data
— Falling earlier, New york --, Dogecoin, Bearishness continue, Peaked, Sunday, Pares, Week moving average near, Us inflation data friday topped expectations, Quickly — 1 min read
Bitcoin and Ether pared losses after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex. US inflation data Friday topped expectations, dashing any hopes that rising prices may have peaked. Bitcoin and other cryptocurrencies have suffered in recent months as the Federal Reserve hikes rates and global policy makers step up efforts to combat price increases. Total long crypto liquidations were above $100 million for a third straight day on Sunday, after $258 million on Friday and $290 million on Saturday, according to data from Coinglass. And the MVIS CryptoCompare Digital Assets 100 index, a market cap-weighted measure tracking the performance of the 100 largest tokens, fell to the lowest level since January 2021, fell in the index of the largest tokens. Source