Bitcoin sinks 4% to $20,400 as US producer prices show inflation easing
Bitcoin sinks 4% to $20,400 as US producer prices show inflation easingThe leading cryptocurrency tanked after news of better than expected producer inflation data.
Happy Wednesday!The global crypto market cap is $976.3 billion with a 24-hour volume of $59.94 billion. The price of Bitcoin is $20,998.90 and BTC market dominance is 41.3%. The price of Ethereum is $1,552.66 and ETH market dominance is 19.4%. The best performing cryptoasset sector is Yield Farming, which gained 3%.
Latest NewsBitcoin sinks 4% to $20,400 as US producer prices show inflation easing
The leading cryptocurrency tanked after news of better than expected producer inflation data. Spanish central bank approves digital Euro token EURMMonei to issue El Banco de España digital currency pilot to last up to 12 months. SEC crypto enforcement actions up 50% in 2022 – nearly half against ICOsOut of 127 enforcements actions launched since 2013, 73% alleged unregistered securities offering, 59% alleged fraud and 44% alleged both. Fox News host credits Bitcoin pump to ransomware hackersTucker Carlson speculates the White House was forced to buy Bitcoin to pay cyber attackers to release control of U.S. airspace. Every third member of the US Congress received money from FTXSam Bankman-Fried and other executives at FTX donated cash to 196 members of the new U.S. Congress. CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu post gains amid flat top 10 performanceThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Mysterious investor bought RPL 10 minutes before Binance listingThe investor sold his RPL 10 minutes after the listing announcement and scooped $55,397 in profit. FTX defends move to appoint law firm Sullivan & Cromwell as advisorSeparate filings from FTX CEO John Ray III and the official Committee of unsecured creditors supported the move to retain Sullivan & Cromwell. Coinbase to halt operation in JapanThe exchange said leaving Japan is part of its restructuring process that will help it weather the bear market. Active crypto developers grew 5% YoY despite market declineThe study revealed a 3x increase in the number of Bitcoin monthly active developers and a 5x rise in the number of Ethereum developers.
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