The crypto market slides as the stock retraced its gains from the day before. As of now, $BTC is trading at $79,607 and $ETH is trading at $1,522. Bitcoin dominance stands at 63.20%.
US CPI came in lower than expected at 2.4% (YoY), and core CPI at 2.8%, both lower than the anticipated 2.5% and 3.0%. However, even with the lower-than-expected numbers, the US 10y yield climbed and is now at 4.468%.
A few other headlines include: Trump signs resolution to repeal controversial IRS crypto rule finalized under Biden, Nasdaq has submitted a rule change application to the U.S. SEC to list the AVAX spot ETF, and the SEC drops unregistered securities claims against Nova Labs.
Over the past 24 hours, the top three gainers were $XCN, $WEMIX, and $VENOM, while the top three losers were $EOS, $CHEEMS, and $XTZ.
