Today's Crypto Market Update — Profit-Taking, CPI Risk, Impact of XRP Settlement. Recently, a notable pullback has been observed in the market:

Bitcoin has dropped nearly 2% to around $118,000.

Ethereum has also fallen below $4,300 with a decrease of 0.7%.

This is actually a healthy consolidation, which was necessary after the recent rally. Furthermore, the CPI report is set to be released tonight, which could potentially shift the Fed's policy direction — hence market participants are quite cautious.

Additionally, XRP has crossed a significant legal milestone: the Ripple vs SEC case has concluded—resulting in a price increase of up to 10% and emerging in the range of $3.33–$3.35.

Summary:

1. Short-term pullback — Consolidation & Profit-Taking

2. The impact of CPI could play a crucial role in today's market dilution or recovery

Question for you: How likely do you think it is for BTC/ETH to rally again if the CPI result comes in “softer” than expected? Or do you see XRP stabilizing for further appreciation even after today?

3. The favorable legal clearance on XRP has suddenly made it bullish

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