We are now in the weekend and fear is still the predominant short-term emotion on the cryptocurrency market. On December 11, ().BTCThe price of the ). dropped to $47.250 and investors are gnashing their teeth after US consumer price index data (CPI), shows that inflation has reached a A record 6.8% for forty years.

From Cointelegraph Markets ProAnd TradingViewIt shows that bulls’ attempt to recover the $50,000 support level in the middle of the day was defeated. The price fell below $48,000 and sellers reacted. This could lead to another lower daily high for top-ranked cryptos.