Crypto Market Sees Wild Price Fluctuations: What’s Driving the Volatility?

The cryptocurrency market has been experiencing dramatic swings in value recently, with notable declines following a brief increase fueled by investor activity and anticipation surrounding the upcoming U.S. Consumer Price Index (CPI) report. Notably, Fartcoin saw a 19% plunge in valuation over the course of a day. This volatility is attributed to investor anxieties related to the CPI release and its potential impact on market trends. Analysts suggest that this sudden price shift underscores the inherent unpredictability of the crypto market.