Why is the crypto market down as of late?

Why is the crypto market down this day?

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The crypto market is down this day, as market volatility increased and investors digest the Federal Reserve’s minutes which repeat that keenness rate hikes also can extend for longer than most investors quiz.

The downturn comes after the Feb. 14 user sign index (CPI) print confirmed increased-than-anticipated inflation, alongside with increased regulatory enforcement from the USA Securities and Exchange Rate (SEC).

Cryptocurrency market efficiency, day-to-day timeframe: Coin360
January CPI chart. Source: The U.S. Bureau of Labor Statistics
Global financial health. Source: U.S. Monetary institution
<span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/crypto/bitcoin" id="63f6c9b9d8551" class="aqlink js-hover-me" hoverme="aql" data-pairid="1057391">Bitcoin</a></span> sign volatility. Source: Arcane Research
Bitcoin, Ether and foremost U.S. indices comparability. Source: Arcane Research

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