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Bitcoin Slides as Crucial Inflation Indicator Spooks Markets

Bitcoin took a sudden nosedive last week, plunging the whole crypto market into the red. Seemingly, inflation has been the catalyst of this dip, astounding investors within this biosphere.

The CoinGecko data indicates that Bitcoin is currently trading at $23,070, suffering a 3% dip, yet last week it broke ranks to trade over the $25,000 mark, a first in more than six months. Many other cryptocurrencies have also been hit so hard so that Ethereum lost 3.1% trading in a day as…

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