$18M Bitcoin Longs Liquidated In 35 Mins As US CPI Hits 9.1%

U.S. consumer inflation hit a 40-year high of 9.1% on Wednesday sending cryptocurrency markets plummeting briefly. What Happened: According to data from Benzinga Pro, Bitcoin (CRYPTO: BTC) plunged from $19,898 to a low of $18,999 after the numbers were released.