Cardano leads crypto fall as US inflation hits 40-year high

As investors become more cautious ahead of Thursday's release of the most recent US inflation statistics

Cardano is leading the pack of cryptocurrencies that are decreasing in value.

After US inflation came in above projections for September, the crypto-ecosystem turned a sea of crimson on Thursday, marching in lockstep with plummeting equities markets.

The US consumer price index (CPI), which was 8.2% last month but was higher than economists had anticipated, was down from 8.3% in August.

Cardano (ADA-USD), which is currently ranked 8th in terms of market capitalization, has decreased by roughly 9% during the last day.

The price of the proof-of-stake blockchain platform is currently $0.36, a decrease of approximately 15% over the previous seven days.


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