Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation

Later in the day, cryptocurrencies pared some of the declines with BTC recovering to $49,100, but most of the CD20 constituents were still down 2%-3% over the past 24 hours. Solana’s native token (SOL) held up better, gaining over 1% during the same time, while BTC was down 1.5%.