ALONDRACRYPTO - PORTALLATINO
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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.
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.
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