With the inflation figure in the US coming in over 7% in Jan, it was more than what was being expected by the market. The crypto market is currently moving with the US stock markets. If you need to look for cues, that would be the place to get some. In general it feels like the higher inflation figure will not be extremely dampening for the crypto markets as afterall where would the investors class catch their yields? not GOLD ! .... just my opinion, not financial advice!