Fear remains the most dominant sentiment on the crypto market, even though the weekend is here. Earlier today (BTCThe price of the ). dropped to $47.250, and investors are biting off their nails following data from U.S. Consumer Price Index (CPI) that shows inflation at a A record 6.8% for forty years.

Source: Cointelegraph Markets Pro TradingViewThis shows that the bulls failed to claim the $50,000 support at midday and the sellers drove the price down below $48,000. It could lead to another lower-ranking cryptocurrency daily.