TradingKey – CPI data hit the market hard; renewed rate-hike expectations triggered a cryptocurrency plunge, liquidating 180,000 traders in the crypto market.

On October 15, losses in the crypto market widened, with major coins approaching or falling below their previous lows. Over the past 24 hours, Bitcoin (BTC) fell over 2.5%, briefly approaching the $80,000 mark; Ethereum (ETH) dropped more than 5%, breaking below its two-month support level of $2,400; BNB (BNB) fell over 3%, approaching the $700 mark; Ripple (XRP) dropped over 4%, touching its recent support level of $1.3.

Losses of the top 10 cryptocurrencies by market cap, source: CoinMarketCap

Yesterday, the US released September CPI data showing that core CPI rose 0.3% month-on-month…