The #CPI rose unexpectedly in May, and the #financial market was shrouded in inflationary pressure, which not only caused the stock market to plummet but also caused the #cryptocurrency market to crash for days!
#Bitcoin fell below the $26,000 level this morning, down 9.5% in the past 24 hours; #ETHereum fell even harder, down 10.7% to $1,349, hitting its lowest level since March 2021.
#CryptocurrencyNews#Blockchain#BTC#ETH
US stocks have fallen about 20% through June 2022, with about $10 trillion evaporated. #Cryptocurrency has lost nearly 60%, or $1.7 trillion has evaporated. The drop is dwarfed by the 2017 bear market, which lost 87% of its total market capitalization after the 2017 bull market.
After #Bitcoin hit 28,000, it triggered a wave of counterattacks by bulls, but then it was completely extinguished. As most coins choose to break down, it may continue to fluctuate lower in the future, but the decline rate is much lower than those of coins.
#Crypto#blockchain
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