bitcoins on wooden table

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.

Sources: https://coinmarketcap.com/currencies/bitcoin/

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 BTC43,134.47-542.08-1.24
12.00 ETH3,069.72-58.56-1.87
12.00 LTC132.56-4.27-3.12
12.00 BNB413.67-1.51-0.36
12.00 XRP0.82-0.03-4.08
12.00 ADA1.14-0.02-1.72
12.00 DOT20.46-0.61-2.90
12.00 DOGE0.150.00-1.04
12.00 UNI11.38-0.22-1.90
12.00 LINK17.33-0.39-2.20

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