$DOGE

Inflation Shock Triggers Risk-Off Sentiment

July’s Producer Price Index (PPI) surged to 3.7% YoY, exceeding forecasts of 3% and reaching its highest level since 2022. This hot inflation data reduced market expectations for near-term Federal Reserve rate cuts, sparking broad-based selling in risk assets. As a highly speculative meme coin, Dogecoin absorbed disproportionate selling pressure, with its 8.28% drop reflecting its elevated volatility compared to larger cryptocurrencies.