Cryptocurrency 41 minutes ago (Jun 10, 2022 10:00PM ET)
Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate
Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.
The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and (BTC) price sold off to a daily low of $28,852 before dip buyers managed to bid the price back above $29,000.
