Toncoin is trading at $2.14 following a 0.9% decline amid a broader selloff in the cryptocurrency market, triggered by unexpected increases in US inflation data. The current market sentiment reflects heightened concerns about inflation, leading to a selloff that has affected various risk assets. Technical indicators suggest that Toncoin may be in an oversold condition, indicating a potential for price recovery. The market remains cautious as investors assess the implications of inflation on the broader economic outlook and its impact on digital currencies.
