Cryptocurrencies continued to fall, with bitcoin dropping below a key support level, as investors dumped riskier assets ahead of the latest US inflation data. Bitcoin was down 5.7% to US$39,914, while its closest rival by market value, Ethereum, gave up 5.5% to US$3,008. Global markets are braced for more data out of the US today with the latest consumer price index expected to highlight rampant inflation in the world's biggest economy.
The Crypto Report: Bitcoin and Ethereum continue to plummet as investors seek safe havens