Cryptocurrencies continued to languish at three-week lows as rampant inflation in the UK added to ongoing concerns over the health of the global economy. Bitcoin edged just 0.3% higher to US$40,134, but still held above the key $40,000 support level. Closest rival by market value Ethereum advanced 1.5% to US$3,058. UK data released today revealed inflation surged to its highest since 1992, adding to news yesterday prices in the US climbed to a 40-year high.
The Crypto Report: Bitcoin and Ethereum at 3-week lows as inflation fears continue to weigh
