Crypto Summary — 7/13/22
Today is another down day in the crypto sector as the market opened to a 9.1% CPI number. The Consumer Price Index hit another all time high this year, forcing Bitcoin to dive to an intraday low of $18,925 while Etherium dipped to $1,007 USD. Other tokens followed Bitcoin’s lead, falling by an average of 2.5% before bouncing up again. Bitcoin is currently trading around $19,600 as traders decided to overlook the CPI number and consolidate their hodl positions.