Bitcoin and Ether take a hit from higher US yields

Both Bitcoin and Ether have reacted negatively to the latest US inflation data. The prospect of that was highlighted here earlier on when the reader was reminded of the sensitivity of both leading coins to higher US yields. So, it should not come as any surprise to see both of these slide back. Bitcoin has slumped back underneath 44k and Ether has been hit even harder in percentage terms. Earlier Ether rose to a session high of $3,285. It has now plunged in a straight line to below 3,150, dropping to as low as $3,133. That move has seriously derailed the upside for the rest of the day most probably ETHUSD is just now trading at $3,148