#PPIShockwave The U.S. Producer Price Index (PPI) surged 0.9% in July, sparking over $1B in crypto liquidations as Bitcoin, Ethereum, and altcoins sold off sharply. The jump raised fears of delayed Fed rate cuts and potential spillover into consumer inflation. Markets remain highly volatile, with traders bracing for the next CPI and Fed signals to gauge whether this inflation shock is temporary or the start of a tougher cycle.