Coinmonks
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Coinmonks

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.

Image Courtesy of Peter Linforth

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Jamen Mendes

Jamen Mendes

Author, Musician, Metaphysician, and Artist. I write about Crypto, Spirituality, Consciousness, Art, and Reality. https://jamenmendes.medium.com/membership