Crypto Prices Dip Despite Cooling U.S. Inflation Data
Crypto markets saw a surprising downturn today despite positive economic news. The U.S. Producer Price Index (PPI) dropped to 2.4%, signaling cooling inflation, yet major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and SHIB all fell.
BTC slipped nearly 1% to $103K, ETH dropped 2% to $2,572, and XRP declined 3% despite recent diplomatic efforts. SHIB also tumbled 5.5%, erasing weekly gains, while Cardano (ADA) and Pi suffered deeper losses.
Analysts cite profit-taking after recent rallies and looming options expiries as key drivers. A $400 million Coinbase hack has further shaken investor confidence.
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103,297.04
-0.00%
2,541.61
-2.18%
2.4518
-3.99%
