Crypto Sells Off as Inflation Fuels Rate Fears

Inflation came in higher than expected this week, sparking concerns that interest rates may stay higher for longer. This led to a sell-off in crypto assets.

Both Fantom and Theta Network declined nearly 6% week-to-date. Bittensor fared even worse with an over 8% slide.

When Bitcoin declines, altcoins tend to follow suit and decline as well due to Bitcoin's status as the lead cryptocurrency.

Some economists predict more "inflation surprises," which could lead to further crypto market corrections as investors adjust.

However, any significant decline could also provide a good entry point for crypto bulls to buy in at lower prices, especially more volatile altcoins.