The price of Bitcoin (BTC) remains below $20k this morning, flat over the past 24 hours at around $19,750 this morning. The Ethereum price is also roughly flat since this time yesterday, still at around $1,070.
The drop back below $20k means market sentiment has also slipped, having looked more positive earlier in the week. The Fear and Greed Index briefly climbed to 24, but has since fallen back to 15 this morning. This means the index has now sat in extremely fearful territory for a record 68-days.
June US CPI inflation numbers are released today, with analysts anticipating continued growth of the year-over-year CPI to 8.8%, up from the May year-over-year CPI of 8.6%. What will it mean for the price of crypto?
This article was culled from cityam.com
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