Singapore CPI Down, Cryptocurrency Market Shows Signs of Weakness

The Singapore Consumer Price Index (CPI) has released its latest figures for February, showing a slight decrease to 1.2 year-over-year from 1.4 in the previous month.

This development comes on the heels of significant corrections in major cryptocurrencies such as Bitcoin, Ethereum, and Ripple. In the past week, these currencies have weakened by over 6%, 5%, and 4% respectively.

As a result, the top three cryptocurrencies are displaying early signs of weakness, which could potentially lead to a deeper correction in the coming days.