Disappointing Inflation!! Cryptocurrency Prices Fall to Two-Year Low

Crypto markets fell Thursday morning before federal data showed consumer prices jumped 8.2% in a year

Bitcoin plummeted 3.91% on Thursday to $18,404, extending a gradual decline from a November top of $63,599

Ethereum, the second-largest cryptocurrency, lost 6.53 percent to $1,221.40

Dogecoin, a cryptocurrency favored by billionaire Elon Musk, dropped 5.62% to $.057

One month ago, bitcoin plunged 9.35% to $20,304, its biggest decrease since June

Low interest rates and Covid-era stimulus cheques fueled bitcoin's 2020 and 2021 climb to its November climax

Bitcoin fell below $20,000 on August 27 after Labor Department inflation figures