UK inflation at 3.5% and Brent above $112 knock crypto off its rally
- —UK CPI hit 3.5% vs 3.4% forecast; core inflation reached 2.8%
- —Brent crude topped $112 on Houthi disruption and lower US stockpiles
- —Crypto gave back Tuesday's rally on renewed rate-hike concerns
- —Inflows into crypto funds proved a one-off impulse
Why it matters: Higher rates and costly oil add pressure on risk assets, including crypto.
Source: Comparic