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Markets: Bitcoin, crypto top 10 retreat with equities on signs of inflation uptick in U.S.
- linkweb3
- 2022-12-06
- 4448
- Newsletter
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Summary:Bitcoin dipped below US$17,000 in Tuesday morning trading in Asia, as Ether and most other top 10 non-stablecoin cryptocurrencies lost ground. The retreat came as another U.S. indicator suggested inflation remains a risk to the economy. Litecoin bucked the trend, continuing to benefit from a tie-up with MoneyGram International Inc.
Bitcoin dipped below US$17,000 in Tuesday morning trading in Asia, as Ether and most other top 10 non-stablecoin cryptocurrencies lost ground. The retreat came as another U.S. indicator suggested inflation remains a risk to the economy. Litecoin bucked the trend, continuing to benefit from a tie-up with MoneyGram International Inc.
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