Market Alert! ⚠️ US inflation hits crypto.

The crypto market is crashing after a worse-than-expected US inflation report (PPI).

Wholesale inflation rose much more than anticipated, reducing hopes for interest rate cuts. As a result, risk assets like cryptocurrencies have plummeted:

$BTC has fallen below $119,000.

$ETH is crashing nearly 4% to $4,550.

-Other tokens like $SOL and $XRP are also experiencing declines.

The Fed may keep rates high for longer.