Bitcoin, Ethereum And Dogecoin Plunge In Reaction To CPI Data: What's Going On?

Bitcoin (CRYPTO: BTC) was plunging almost 10% lower on Tuesday in an exaggerated reaction to the bearish price action in the general markets, which saw the S&P 500 dive about 4%. Over the same 24-hour trading period, Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) tumbled about 7% lower.