UK CPI Surges, Causing BTC & ETH to Plummet

UK CPI Surges, Causing BTC & ETH to Plummet


Bitcoin and other major cryptocurrencies drop as UK CPI exceeds forecasts, with Bitcoin falling below $27k amid ongoing pressure from UK banks for an interest rate hike.

The post Bitcoin & Ethereum (ETH) Falls as United Kingdom CPI Hits after Ages appeared 1st on Coinpedia Fintech News

Bitcoin (BTC) and other major digital currencies dropped owing to poor United Kingdom performance in broader equity markets. With Bitcoin (BTC) dropping below $27k during Asia trading and markets responded to poor United Kingdom inflation figures. United Kingdom surprises as CPI (Customer Price Index) rose to 6.8 percent since 1992, surpassing the forecast of 6.2%.  United Kingdom banks ongoing pressure in an interest price hike, Bitcoin (BTC) falls 2 percent in the past 24 hours, trading below the $27k resistance level and reversing earlier profits. Ether traded around $1,800 while Solana (SOL) & BNB crypto tokens show a loss. 

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