Bitcoin and altcoins are falling in value due to record-high inflation, but traders still anticipate BTC to consolidate.
Global financial markets and cryptocurrency fell as the June 10 CPI data of 8.6 percent revealed that inflation is a chronic concern. On June 10, global financial markets were heading lower after the Consumer Price Index (CPI) reported a scorching 8.6 percent year-over-year increase, the largest print since 1981. The higher-than-expected CPI figure caused the $30,000 support to fail, and Bitcoin (BTC) fell to a daily low of $28,852 before dip buyers managed to push the price back over $29,000. Here's what nume...