Crypto Stocks Tumble After Bitcoin Falls on Higher-Than-Estimated Inflation

“[With recent CPI numbers] Hopes of a soft landing, the end of the Fed hiking cycle, and a resilient consumer, are fading away,” wrote Oanda’s senior market analyst, Edward Moya. “Bitcoin’s plunge reminded traders it remains the ultimate risky asset and is vulnerable if stock market selloff deepens,” he added.

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Author: Traciwininger

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