Bitcoin Fools Trader after US CPI Figures Released

The bitcoin price dropped after the U.S. inflation figures continued to rise. Today (February 11) the price fell by 2.87% and moved at $43,050.11.

Bitcoin’s negative move was again hand in hand with the U.S. stock markets which all together sank yesterday.

• The Dow Jones Industrial Average fell 526.47 points, or 1.47%, to close at 35,241.59.
• The S&P 500 index fell 83.10 points, or 1.81%, to close at 4,504.08.
• The Nasdaq index fell 304.73 points, or 2.10%, to close at 14,185.64.

The bitcoin price shook investors badly yesterday after falling to the $43,200 level a few hours ago. Previously, it had risen well above $45,000 after the US CPI increased by 7.5% this month.

Bitcoin’s volatility has been painful for many leveraged traders. Coinglass data shows that more than $200 million was cleared yesterday and more than $120 million in the last four hours.

To date, nearly 70,000 traders have been liquidated, and the largest individual liquidation, valued at $1.5 million, occurred on FTX.

The Spot Market is Open

Friday, February 11, 2022

Crypto Updated at	USD Price	Change	%Change
12.00 BTC	43,134.47	-542.08	-1.24
12.00 ETH	3,069.72	-58.56	-1.87
12.00 LTC	132.56	-4.27	-3.12
12.00 BNB	413.67	-1.51	-0.36
12.00 XRP	0.82	-0.03	-4.08
12.00 ADA	1.14	-0.02	-1.72
12.00 DOT	20.46	-0.61	-2.90
12.00 DOGE	0.15	0.00	-1.04
12.00 UNI	11.38	-0.22	-1.90
12.00 LINK	17.33	-0.39	-2.20

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