Cryptocurrency Market Profit-Taking Ahead of Inflation Data Release

According to ChainCatcher, profit-taking in the cryptocurrency market continues ahead of Friday's inflation data release, with Dogecoin and Ripple experiencing significant declines. Traders are closely watching the upcoming core Personal Consumption Expenditures (PCE) data, which is a key indicator of inflation for the Federal Reserve. Despite the uncertainty, inflows into spot ETFs remain stable, with BlackRock's IBIT achieving net inflows for 30 consecutive days. QCP noted a divergence between digital assets and traditional tech stocks; although cryptocurrencies have maintained solid momentum, the flow of funds into products such as the TQQQ Nasdaq ETF has become more cautious.