Bitcoin Slides Toward $81,000 on US Inflation Data
Bitcoin prices retreated toward $81,000 as hot US inflation data triggered a fresh crypto market sell-off.
Bitcoin slid toward US$81,000 as a hot US inflation reading sparked a fresh wave of selling across digital asset markets, according to Yahoo Finance Australia. The pullback comes as macroeconomic pressure weighs on risk-on assets following stronger-than-expected inflation metrics.
Market Impact
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The broader crypto market experienced downward pressure as the macroeconomic data dampened risk sentiment. The drop follows persistent inflation concerns impacting traditional and digital markets alike.
Key facts
- Bitcoin slid toward US$81,000.
- The sell-off was triggered by hot US inflation data.
- Digital asset markets faced broad downward pressure.
Source: news.google.com
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