Crypto Market Falls Following Higher than Expected Inflation Data

Higher than expected Inflation data has sent both the crypto and equity markets into decline and heightened the chances of additional Fed rate hikes in the future.

Recent CPI data exceeds Investor expectations and signals continued rate hikes

US. inflation and the price of goods have risen 8.3% since last August

Bitcoin declined by 8.41% in last 24 hours despite one-month high Tuesday

Ethereum plummets regardless of pending Merge event expected later this week

Although July brought a decline in Inflation data and signaled that the United States might have made progress in its fight against inflation, the data for August Inflation destroyed those hopes. According to the Consumer Price Index, U.S. inflation and the price of goods have risen 8.3% since last year and 0.1% on a month-to-month …

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