Altcoins slip together after US CPI, Uniswap leads

US inflation figures — Core CPI and headline CPI, both month-over-month and year-over-year — landed at 12:30 UTC, and the response settled squarely on smaller crypto tokens. Uniswap led the move lower, slipping 1.9% against the dollar.

Where the altcoins moved

Uniswap (UNIUSD) posted the widest swing, falling from 7.403 to 7.264 — a drop of 1.88%.

Tezos (XTZUSD) came next, easing from 0.31785 to 0.31255, down 1.67%. Bitcoin Cash (BCHUSD) slipped 1.57%, from 280.735 to 276.32.

The Graph (GRTUSD) softened 1.54%, from 0.0260 to 0.0256. Dogecoin (DOGUSD) eased 1.30%, from 0.08485 to 0.08375, and Polygon (MATUSD) rounded out the set, down 1.25% from 0.09975 to 0.0985.

What the reaction shows

Every instrument on our feed moved the same direction — lower — and inside a tight band running from 1.25% to 1.88%. None firmed against the dollar in the minutes after the release.

The reaction concentrated in altcoins rather than splitting direction, and the gap between the largest and smallest move stayed slim. That reads as a broad, even step down rather than one standout name, with Uniswap sitting only modestly ahead of the rest.

Descriptive market news from the ForexBullion Research Team. Not investment advice.