Crypto stocks faltered on Thursday after core CPI rose to its highest level in 4 decades, sending bitcoin plunging to just above $18K. $COIN is down 11%, $MSTR and $MARA are off 7%. Reporting by oknightcrypto
showed core inflation in September unexpectedly rising to a four-decade high of 6.6%. Headline inflation was 8.2%, also topping economist forecasts.
The news sent bitcoin tumbling to $18,100 – not far off from its 2022 low of $17,600. At press time, the price has bounced modestly to $18,400. The major U.S. stock market averages all fell more than 2%, but are currently trying to mount a mid-morning bounce, with the S&P 500 narrowing its decline to just 1%.
Among the mining stocks, Marathon Digital is trading lower by 7%, with Riot Blockchain and Core Scientific down similar amounts. U.K. miner Argo Blockchain continued to underperform the rest of the sector, down 16.5% to add to its losses followingMicroStrategy , the company that holds 130,000 BTC , is lower by 6.7%, while crypto exchange Coinbase is down 11.5%.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11NFT marketplace OpenSea have also added support for NFTs on the Avalanche blockchain.
Leer más »
Girls volleyball: Conference Players of the Week, Oct. 5-11Check out all 13 Conference Players of the Week in girls volleyball.
Leer más »
11 Of The Best Printer Deals Still Available During The Amazon Prime Early Access SaleIf you're looking for a new home printer, these Prime Day printer deals won't disappoint. Here are the best discounts we've found so far.
Leer más »
COVID Boosters Targeting Omicron Variants Authorized for Kids Ages 5-11The FDA has given a green light for elementary school-age kids to get the updated booster doses. However, the CDC now needs to sign off.
Leer más »
Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher – Market Updates Bitcoin NewsQuant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day.
Leer más »
NXT Recap 10/11: Things Heat Up Between Breakker & DragunovOur recap for this week's episode of WWENXT on USA, where NXT Champion BronBreakker and IljaDragunov each got hard shots in on each other ahead of HalloweenHavoc. WWE
Leer más »