Crypto markets fell sharply on Thursday. Bitcoin lost 4% to $59,000. Altcoins were also down; Ethereum fell 3.5%, while Uniswap token (UNI) performed positively.

The US Consumer Price Index report showed an unexpected increase in inflation in September, weakening the prospect of the Fed cutting interest rates in November.

The SEC has filed a lawsuit against digital asset market maker Cumberland DRW. Cumberland said it will not change its business operations.

Share your thoughts in the comments! 💬📉