Bitcoin Falls Below $19,000 After Latest Inflation Report

• 3 min read
Bitcoin Falls Below $19,000 After Latest Inflation Report

THIS WEEK IN CRYPTO

  • Bitcoin falls below $19,000 after the latest U.S. inflation report. Cryptocurrency prices dropped to new October lows. Crypto markets are still overwhelmingly driven by macro. Bitcoin continues to trade within a tight range since June. However, today’s CPI print may threaten to break this range to the downside. Analysts believe that markets still have not yet reached a bottom and that there’s still likely another 10-15% leg down* for digital assets.

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