Cryptocurrencies fell Tuesday amid a broader đŸŠŸmarket sell-off following a hotter-than-expected CPI reading.

Bitcoin was last lower by 0.8% at $49,658.57 according to Coin Metrics. Earlier, it sunk as low as $48,372.89. On Monday it punched through the $50,000 mark to its highest level in more than two đŸ“ˆđŸ€–years.

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