Recent fluctuations in cryptocurrency trading have led to significant losses for altcoins, with some seeing drops of up to 20% in a matter of minutes. This volatility may be linked to increased trading volumes and sudden changes in liquidity in futures markets.
What impact will the upcoming inflation data have on the markets?
As the market prepares for the release of US inflation data on Wednesday, traders are on alert for unexpected changes. Bitcoin’s value has crossed the $100,000 mark, raising concerns about potential price volatility. The surge in futures trading has already led to notable market declines.