US Regulatory Crackdown Subdues Crypto Markets Ahead of Key Inflation Data
- Digital assets nurse losses after the latest US restrictions
- Traders await US CPI figures that could impact risk appetite
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Escalating US efforts to curb the crypto sector kept a lid on digital-asset prices Tuesday as investors digested the implications of an aggressive American regulatory posture.
An index of the largest 100 tokens added about 1% as of 1 p.m. in Tokyo, partially rebounding from a swoon a day earlier that was sparked by a New York agency’s order to end issuance of Binance-branded stablecoin BUSD.