Bitcoin Falls Has €20.000 Average Cascading Risk Across Crypto Markets

Reports on the US Consumer Price Index (CPI) for May showed that inflation in the world's largest economy reached 8,6% year-on-year, 0,3 percentage points higher than the expected level of 8,3 %. The data led global markets lower earlier this week as investors assumed the arrival of interest rate hikes, a move the Federal Reserve (Fed) demanded to rein in prices.