Bitcoin Falls Sharply By 7.40% To US$20,745: Higher Than Expected US Inflation

The cryptocurrency market is under pressure today, after the publication of US inflation data for August. On September 13, at 6.18 pm UTC, Bitcoin fell by 7.40% intra day, and was quoted at US$ 20,745. Yesterday, Bitcoin closed at US$ 22,402.60. Today, the US Bureau of Labor Statistics stated that the US Consumer Price Index - Urban (CPI-U) increased by 0.1% in August