U.S. CPI prints 3.8% YoY, sparking market moves

- Social posts said hot U.S. consumer price index data printed at 3.8% year-on-year yesterday, triggering market volatility in crypto and derivatives and major liquidations. - Crypto markets saw about $100 billion wiped out and over $660 million in liquidations, social accounting and posts estimated across exchanges yesterday. - The social post cited GDP contributors: China 26.6%, India 17.0%, US 9.9%, Malaysia 5.2% growth. (x.com)