At the Bitcoin Stamp Exchange, the Bitcoin market fell to a new low of $18183 at 12:30 p.m. UTC. This is also the minimum standard since September 21.
The leading altcoin has also suffered a severe setback and cannot be linked with BTC. In Binance Exchange, Cardano (ADA) fell to a new intraday low of 0.3490 dollars. The Meme coin Shiba Inu (SHIB) fell to US $0.00000924.
Digital currencies and stocks continued to decline because inflation data information was higher than expected.
According to the new inflation report released by the Labor Audit Bureau, the consumer price index (CPI) of the month increased by 0.4%, slightly higher than the possibility of 0.3%. Inflation increased by 8.2% in December.
The higher than expected inflation data indicates that the Federal Reserve has a lot to do. At this stage, the maximum policy interest rate for exchange pricing at the Federal Reserve meeting is 4.85% in March 2023.
The sales market now fully expects the Fed meeting to rise another 75 percent in November.
Steve Liesman, a CNBC high-end economic development journalist, fabricated a lie, and there is no reason for the Federal Reserve meeting to make adjustments.
The purpose of foreign central banks is to reduce the annual inflation rate to the desired threshold of 2%.
The US index, which measures the advantages of the US dollar against other key currencies in circulation, soared to a new intraday high of 113.888. On September 28, the index reached a decade high.
The interest rate of the 10-year treasury bond reached its highest level in 15 years three weeks ago, and then returned to above 4%.
It is noteworthy that the gold price also fell by more than 1% due to information. Eric Balchunas, a prominent ETF investment analyst at Bloomberg News, wrote: "Each of them looks the same. It's rare. There's nowhere to hide.".
