Crypto investors feeling the ups and downs as inflation figures set the tone

Published by
City AM

By Darren Parkin Yesterday was eventful. Bitcoin rose above $28K, reacting favourably to the latest lower-than-expected Consumer Price Index numbers, then dipped below $27K due to sudden selling pressure, which some say came from the US government, before regaining ground and settling around $27.5K, right back where it started. The leading crypto is trading for $27.4K this morning, in the red by a marginal 0.62%. Ether at $1.822 is down by 1.5%. The rest of crypto is either flat or slightly in the red, but there are a few outliers this morning. Uniswap counts among these and is up 3%. Yesterda…

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