Cryptocurrency Market Stagnates as Inflation Data is Released
On Tuesday, the U.S. consumer price index (CPI) dropped to 4% year-over-year. However, this decline did not spur much activity for digital assets as the Securities and Exchange Commission continues to weigh down the crypto industry in the U.S. Data from TradingView shows that Bitcoin (BTC) initially climbed higher before an afternoon sell-off dropped the price to a daily low of $25,835. July Bitcoin futures prices traded higher in the early hours of U.S. trading. Altcoins traded mixed, with a slightly larger proportion of the top 200 tokens trading in the green.
