Cryptocurrency News Live Updates and Latest News: The Global cryptocurrency market stands on hold as the inverters await the much anticipated US CPI data. Experts suggest that the inflation rate might rise by o.3% in September from the month of August. It is calculated to be 8.1% up from the same period a year ago.
However, in August, the CPI jumped by 0.1% from July and about 8.3% compared with the year before. The total crypto market cap is marginally down to stand at $913 billion. Meanwhile, trading volume has skyrocketed by 352% to stand at $219 billion.
October Becomes 2022’s Biggest Crypto Hack Month
The month of October has seen around $718 million being lost into crypto so far. However, the second half of October is still remaining. This month has successfully breached the numbers recorded in March 2022.
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