Crypto
Bitcoin Plummets to $76K as CPI Volatility Rocks Market
The cryptocurrency market experienced significant volatility last week, with Bitcoin (BTC.CC) plummeting to $76,000 after the CPI data release.
Despite briefly breaking above $2,600 for the first time in seven months, Ethereum (ETH.CC) declined by 1.33% over the same period to $2,474.
The Fear and Greed Index stands at 68, indicating greed sentiment in the market, but whale positions remained unchanged, suggesting major capital is cautious pending clearer catalysts.