#MarketTurbulence
🌪️ #MarketTurbulence Hits Crypto Markets
Bitcoin slipped back to $119K, retreating after its recent record highs. While the correction is modest — just around 1.4% — it reflects the impact of U.S. inflation data (PPI up 0.9%), which shook expectations of a Fed rate cut in September.
🔹 Ethereum (ETH) dipped 1.5%, though it’s still set to close the week with a 20% gain.
🔹 Altcoins like SOL and XRP faced sharper drops of over 3%, highlighting wider sector volatility.
🔹 Despite the turbulence, Bitcoin is still up nearly 2% on the week, showing resilience and signaling that dips are becoming less aggressive over time.