Bitcoin, Ethereum, Dogecoin Trade Mixed Ahead Of CPI Data: Analyst Sounds ‘Mayday’ After Crypto Market Slips Below This Key Indicator

Major cryptocurrencies exhibited mixed trading behavior on Monday evening after a troubling week when the Securities and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase – the crypto exchange behemoths. Adding to the uncertainty is the widespread concern regarding the monetary policy adopted by the U.S. Central Bank, as it attempts to curb inflation.