‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

Another surprise inflation increase could make things “ugly” for crypto markets, one trader warns, with hours left before the CPI release.

Cypherpunk is one of the first public firms in the world to ever invest in Bitcoin and it opted to sell 100% of its crypto by June 2022.

Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support.

BTC currently makes up 41% of the total crypto market cap — its smallest market share since January.