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Crypto news: Bitcoin falls $1,000 as US inflation hits 3.7%

Original title: Saylor's mistake? Bitcoin drops $1,000 | Crypto news today

Crypto Pills 9:58 0 views on YouTube BTC −3.6% XRP −5.3% SOL −5.3%

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Summary

US inflation came in hotter than expected at 3.7%, and Bitcoin dropped $1,000. Rate-hike odds jumped to 44%. K33 says Michael Saylor's preferred-stock model at Strategy was a mistake. Kraken's parent Payward is buying an EU bank. Coinbase, which holds 5% of all Bitcoin, wants Bitcoin's quantum fix started now. France wants a 31.4% tax on stablecoin swaps. HEX founder Richard Heart was reportedly detained in Istanbul. Other topics: an X-Ray on XRP, Zcash and Solana, and a Ledger hardware wallet implant scare.

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Key points

  1. US inflation came in hotter than expected at 3.7%, and Bitcoin dropped $1,000.
  2. Rate-hike odds jumped to 44%.
  3. K33 says Michael Saylor's preferred-stock model at Strategy was a mistake.
  4. Kraken's parent Payward is buying an EU bank.
  5. Coinbase, which holds 5% of all Bitcoin, wants Bitcoin's quantum fix started now.
  6. France wants a 31.4% tax on stablecoin swaps.

Chapters

Chapters come from the timestamps in the video description.

Questions

What was the US inflation rate?
US inflation came in hotter than expected at 3.7%.
How much did Bitcoin drop?
Bitcoin dropped $1,000.
What did K33 say about Strategy?
K33 says Michael Saylor's preferred-stock model at Strategy was a mistake.

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