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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB -Breaking

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Prices analysis: 5/11: BTC/ETH, BNB/XRP, ADA/SOL, DOGE/DOT, AVAX and SHIB

The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNAToken has further damaged crypto sentiment. Do Kwon, Terraform Labs CEO Announced a Relief PlanThe community is not optimistic about revival.

A second obstacle to an immediate improvement in sentiment is the United States.The onsumer price index soared to 8.3%The actual numbers beat estimates by 0.2% compared to a year earlier. Although the numbers are a tad bit lower than March’s 8.5% print, the slow deceleration suggests no respite from more tightening by the U.S. Federal Reserve.

Everyday cryptocurrency market performance. Source: Coin360