Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

The Crypto Report: Bitcoin and Ethereum continue to plummet as investors seek safe havens

The Crypto Report: Bitcoin and Ethereum continue to plummet as investors seek safe havens

Cryptocurrencies continued to fall, with bitcoin dropping below a key support level, as investors dumped riskier assets ahead of the latest US inflation data. Bitcoin was down 5.7% to US$39,914, while its closest rival by market value, Ethereum, gave up 5.5% to US$3,008. Global markets are braced for more data out of the US today with the latest consumer price index expected to highlight rampant inflation in the world's biggest economy.