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US CPI hits 3.8% year-over-year, its highest reading in three years, while Bhutan offloads another 100 BTC as part of a $230M liquidation spree.
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The macro gods giveth and the macro gods taketh away. US headline CPI just printed 3.8% year-over-year, the highest reading in three years, and crypto markets responded exactly the way you’d expect: by heading for the exits.
Bitcoin slipped below $81K, Ethereum traded near $2,300, and Solana dipped under $95. Making matters worse, the Kingdom of Bhutan decided this was a fine time to offload another 100 BTC, continuing what has become one of the more unusual sovereign sell-offs in crypto history.
