📌📈Decline of the crypto market driven by inflation data in the U.S.

The U.S. Producer Price Index (PPI) for July exceeded expectations, raising fears that the Federal Reserve would delay rate cuts. This led to a decline in Bitcoin (~2% to ≈ USD 119,233), Ethereum (-1.4%), Solana (-3%), and XRP (-3.2%).

A general pullback is observed, with a noticeable liquidation of positions and downward pressure in the market.