Analysis: Disappointing U.S. inflation data hits risk assets including cryptocurrencies
According to Mars Finance, the latest inflation data released by the United States is disappointing, and there is little hope for a rate cut, which has hit risky assets including cryptocurrencies. Bitcoin briefly fell below $63,000, and major U.S. stock indices such as the S&P 500 and the tech-heavy Nasdaq opened down nearly 2%. Major altcoins fell even more, with Solana (SOL), Avalanche (AVAX) and Aptos (APT) leading the decline, all falling around 8-9%.
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