Massive Bitcoin Volatility as US Inflation (CPI) Clocks in at 7.1%
The CPI numbers for November are in and this cause massive volatility on the crypto market.
The United States Bureau of Labor Statistics published the numbers for the Consumer Price Index.
This is the most commonly-used metric to gauge inflation in the United States, and it clocked in at 7.1%.
- As it’s almost always the case, this caused massive turmoil in the cryptocurrency market, and most of the coins are going through serious volatility.
- At the time of this writing, Bitcoin’s price is trading around $17,800 on Binance
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