Why is the crypto market down today? By Cointelegraph
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Why is the crypto market down today?Crypto prices are falling again on Oct. 13 after (BTC) price dipped to a three-week low at $18,200, but what is behind the fresh wave of selling?
The most likely culprit on the day is a hotter-than-expected consumer price index (CPI) report that showed consumer prices rising by 0.4% in September. Compared to a year ago, consumer prices are now 8.2% higher, according to data from the Bureau of Labor Statistics.
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Why is the crypto market down today?Crypto prices are falling again on Oct. 13 after (BTC) price dipped to a three-week low at $18,200, but what is behind the fresh wave of selling?
The most likely culprit on the day is a hotter-than-expected consumer price index (CPI) report that showed consumer prices rising by 0.4% in September. Compared to a year ago, consumer prices are now 8.2% higher, according to data from the Bureau of Labor Statistics.
Continue Reading on Coin Telegraph
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