Crypto Market Plummets Following Inflation Data, Traders Take Profits

The cryptocurrency market saw a notable downturn today following the release of U.S. inflation data. As traders capitalize on recent gains, Bitcoin’s price dipped below $100,000. Overall market cap decreased by 0.48% to $3.32 trillion, with Bitcoin specifically shedding 0.21% to $103,228. Despite this decline, the crypto market remains resilient and shows signs of continued strength.