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Bitcoin, Ethereum Drop 5% in an Hour Amid Hot US Inflation Figures

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The leading cryptocurrencies in Bitcoin and Ethereum shed several points on Tuesday morning following the latest Consumer Price Index (CPI) print. Shortly after the CPI numbers were released, both Bitcoin and Ethereum dropped hefty gains earned over the week. Bitcoin, the largest cryptocurrency by market capitalization, is now trading hands at around $21,450 after having fallen by over 5% in the last hour. It remains up around 8% over the last week, however. Ethereum is now down over 6% over the past hour and is currently trading at around $1,625, according to data from CoinMarketCap. Traditi ...

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