In brief
- Bitcoin dropped on Friday, bringing Ethereum and other major coins and tokens with it.
- Cryptocurrency prices dropped on hot inflation data, with stocks also dipping on Friday.
- September is typically a bad month for crypto, though Bitcoin and Ethereum just recently hit new highs.
Bitcoin dropped below the $109,000 mark on Friday—bringing other cryptocurrencies with it—as stocks and other risk assets dipped while traders digested new inflation data.
The leading cryptocurrency was trading at its lowest level since early July on Friday morning New York time at $108,617, CoinGecko data shows.
Over a 24-hour period, Bitcoin is down by close to 4%. Zooming out further and the flagship cryptocurrency has taken an 8% hit over the last 30 days. Earlier this month, the coin hit a new all-time high of $124,128 but it’s now 12% below that level.
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Author: Mathew Di Salvo
