U.S. inflation data has triggered a significant selloff in the cryptocurrency market, with Bitcoin (BTC) dropping 5.7% and Ethereum (ETH) falling 10.2%. The market reaction comes as investors anticipate a potential interest rate hike by the Federal Reserve. Additionally, Bitcoin ETFs experienced a $1 billion outflow as traders adjusted their positions in response to the inflation news.
U.S. Inflation Data Triggers Crypto Market Selloff
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