The post Why Did Crypto Crash Today? appeared first on Coinpedia Fintech News
The cryptocurrency market cap 2.95% in the past 24 hours, reducing its total value to about $2.03 trillion. The crypto market crash was mainly triggered by higher-than-expected U.S. inflation data, which increased expectations that the Federal Reserve could keep interest rates higher for longer. That prompted investors to sell riskier assets, including cryptocurrencies. Persistent outflows …