Bitcoin drops below $21,000, ether under $1,600 following hot U.S. inflation
QUICK TAKE Bitcoin was trading at $20,888 on Tuesday, while ether was below $1,600. U.S. inflation rose 8.3% year-on-year, while headline inflation was up 0.1% month-on-month and core inflation rose 0.6% month-on-month. Hotter than expected U.S. inflation pushed bitcoin below $21,000 while the price of ether dipped under $1,600 as crypto tracked traditional financial markets …
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