资讯 Bitcoin, Ethereum Continue Tumble Following Hot Inflation Numbers

Bitcoin has followed the stock market—again—following the release of the U.S. Bureau of Labor Statistics' consumer price index (CPI). Leading cryptocurrencies in Bitcoin and Ethereum continued to dip following the release of the U.S. Bureau of Labor Statistics consumer price index (CPI). The index is often used as a barometer for measuring inflation throughout the American economy. It tracks the rate of change for prices in things like gasoline, used cars, apparel, and other items. The biggest cryptocurrency by market capitalization was trading for $18,350 at the time of writing, a 24-hour drop of 3.7%. The asset had already experienced a brief sell-off and was trading below $19,000 for the first time since September 22. Bitcoin is currently 73% lower than its all-time high of over $69,044 it touched last November. Ethereum hasn't fared much better. The second largest cryptocurrency is currently trading at just about $1,200 after having dropped 6% over the past 24 hours. In the past hour, ETH dropped 2%. CPI report, inflation and the economy The CPI report showed that prices across the range of goods the index tracks has increased 8.2% from a year earlier.