Cryptocurrency News Live Updates and Breaking News: The global cryptocurrency market is on hold as the converters await the highly anticipated US CPI data. Experts suggest that inflation could rise by 0.3% in September compared to August. It is estimated to be 8.1% higher than the same period a year ago.
In August, however, the CPI increased by 0.1% compared to July and about 8.3% compared to the previous year. The total crypto market cap has fallen marginally to $913 billion. Meanwhile, trading volume has skyrocketed 352% to $219 billion.
Binance Loans Lists USTC as Borrowable Assets
Binance, the world’s largest cryptocurrency exchange, has announced that its Binance Loans platform has added USTC to its list of new borrowable assets. Terra’s USTC prices are up about 3%.
Crypto Market Remains Modest for CPI
Experts suggest that inflation could rise by 0.3% in September compared to August. It is estimated to be 8.1% higher than the same period a year ago.
In August, however, the CPI increased by 0.1% compared to July and about 8.3% compared to the previous year.
October will be the biggest crypto hacking month of 2022
In the month of October, about $718 million has been lost in crypto so far. However, the second half of October is still to go. This month has successfully exceeded the numbers recorded in March 2022.
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About the author
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
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