VIDEO: Cryptocurrencies tumble again as investors await inflation data

US inflation data due out tomorrow is weighing on the crypto markets, with investors keeping a close eye to see if the Fed?s aggressive monetary policy action has succeeded in slowing the pace of rising prices across the country.

Bitcoin has dipped below US$20,000 again overnight while Ethereum and Solana are down more than 5% and 7% respectively.

Embattled crypto lender Celsius has paid down US$95m of its debt to Aave and Compound DeFi platforms, which has freed up US$172m of collateral that had been locked in each of the platforms. This follows Celsius paying off its remaining US$41m debt to Maker last week which freed up US$440m of collateral.

And GameStop?s highly anticipated NFT marketplace has gone live. The platform allows gamers, creators and collectors to buy, sell and trade NFTs and includes a digital wallet for storing, sending and receiving cryptocurrencies and NFTs.

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