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Cryptocurrency markets pulled back on Tuesday as traders trimmed risk ahead of key US inflation data, with Bitcoin and Ethereum leading the decline.
$BTC
Bitcoin (BTC) fell $2,610, or 2.4%, to close at $104,490. The pullback came after BTC struggled to hold above the $107,000 level earlier in the week. Ethereum (ETH) dropped 3.3% to $3,835, marking its third straight day of losses.
$SOL
Altcoins saw broad weakness. Solana (SOL) slipped 4.0% to $169.10, BNB declined 1.9% to $611.80, and Dogecoin (DOGE) fell 3.5%. XRP was a rare outlier, gaining 2.1% to $0.639 on renewed ETF chatter.
$ETH
Crypto stocks tracked the market lower. Coinbase (COIN) dropped 3.6%, MicroStrategy (MSTR) lost 4.9%, and miners Marathon Digital (MARA) and Riot Platforms (RIOT) declined 5.2% and 4.8% respectively. The weakness followed hawkish comments from Federal Reserve officials that pressured risk assets broadly.
Total crypto market capitalization fell 2.5% to $3.42 trillion over the past 24 hours, with spot trading volume at $91.3 billion, per CoinGecko.
BTC -2.4% ETH -3.3% SOL -4.0% XRP +2.1%

US equities closed in the red on Tuesday after Federal Reserve officials reinforced expectations that interest rates will remain elevated to combat persistent inflation, sending Treasury yields higher.
The Dow Jones dropped 142.18 points, or 0.27%, to 53,185.86. The S&P 500 fell 0.61% to 7,571.90, and the Nasdaq Composite declined 1.08% to 25,533.65. Technology and growth stocks bore the brunt, with Nvidia down 2.9%, Microsoft off 1.1%, and Tesla losing 2.6%.
Comments from Fed policymakers weighed on sentiment. Officials emphasized that the central bank will keep rates "higher for longer" until there is clear evidence inflation is returning to the 2% target. As a result, the odds of a September rate cut slipped to 29%. The 10-Year Treasury yield rose 7 basis points to 4.78%, and the 2-Year yield ticked up to 5.10%.
The rate pressure hit rate-sensitive sectors. Real Estate (XLRE) fell 1.4% and Utilities (XLU) dropped 0.9%. Banks were mixed: JPMorgan rose 0.3% on expectations of stronger net interest income, while Bank of America slipped 0.6%.
Investors are now eyeing Friday's PCE inflation report and the release of the Fed's July meeting minutes next week for further signals on monetary policy.
DJI -0.27% SPX -0.61% NDX -1.08% 10Y 4.78%

Commodities traded in opposite directions on Tuesday as investors sought safety in gold while oil prices came under pressure from demand worries and tariff headlines.
Gold advanced 0.87%, or $27.40, to settle at $3,165.80 per ounce, its strongest level in two weeks. The precious metal gained support from a dip in US Treasury yields and increased risk-off sentiment ahead of key US inflation data. Silver also rose 1.1% to $29.52 per ounce.
Crude Oil moved lower. WTI fell $1.05, or 1.3%, to $81.45 per barrel, and Brent dropped 1.2% to $85.22. Prices were weighed down by concerns over slowing global growth after reports of potential new US trade tariffs, and by rising bond yields in Europe and Asia that signaled tighter financial conditions.
Energy equities declined alongside crude. ExxonMobil lost 1.0%, Chevron slipped 0.8%, and the Energy Select Sector SPDR ETF (XLE) dropped 1.1%. Meanwhile, gold miners outperformed. Newmont gained 2.1% and Barrick Gold added 1.7%.
Looking ahead, markets will focus on Wednesday's PCE inflation report and any updates on US crude inventories for direction in both metals and energy.
GOLD +0.87% WTI -1.3% BRENT -1.2% SILVER +1.1%.