Bitcoin and several altcoins, including ETH, MATIC, SHIB, DOT, and LDO, have experienced significant drops in the past 48 hours. Bitcoin initially spiked after the US CPI announcement, but quickly fell to its lowest price position since mid-March, currently sitting at over 4% down on the day. The crypto market cap has seen a daily loss of $40 billion, with the metric at just over $1.1 trillion. Ethereum has also experienced a decline in price, dropping to a 6-week low, while Binance Coin is close to breaking below $300.
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