Bitcoin fell by 5% in a few minutes after the publication of data on the US economy

According to Cointelegraph Markets Pro and TradingView, bitcoin dropped 5% in price in a matter of minutes after the publication of data on the US economy.

According to the Consumer Price Index (CPI), inflation in the US amounted to 9.1% and was the highest in 40 years, which caused BTC to fall below $ 19,000. In addition to BTC, altcoins also fell, including ETH, which risked falling below $ 1,000 for the first time since June 30. Currently, the situation has «stabilized» and bitcoin is trading at $ 19,302, while ether is trading at $ 1,040.

Earlier this week, the value of the Ethereum cryptocurrency set a new anti-record, as its price fell below $ 1100. ETH dropped 78% below its historical high and below the last 20-day indicator, which previously indicated a possible increase in the value of the digital asset in the short term.