Crypto market experiences volatility due to US inflation data

The increased volatility of tokens is primarily due to the recent U.S. inflation data.

In case you didn't know, volatility is when the price of an asset changes very quickly and unpredictably (falls or rises). For example, when you went to sleep, the bit was around $20,000; in the morning, it was already $19,000. This is an example of volatility.

Somewhat expectedly, volatility has returned to the crypto market, although it is driven by events that occur outside of crypto...just like that. The continued volatility in cryptocurrencies is due to the U.S. Bureau of Labor Statistics releasing data on the Consumer Price Index.

CPI stands for Consumer Price Index and is the most common measure of the current inflation rate in the U.S. The Consumer Price Index measures the average price change that an urban consumer pays for a market basket of goods and services. In September, the index was 8.2%.

And you shouldn't be surprised by this, it's a familiar story when this or other indicators become known, and the market reacts. Roughly always happens this way: first, the news comes out on the U.S. resources, the bitcoin rises by a couple of percents, and then it falls. And so almost always, as they say, here you have one more component of the fundamental analysis. 

At the moment of writing, the price is about $18,336, but on the morning of October 13 (today), it was higher than $19,000.