#CryptoCPIWatch

Bitcoin (BTC) has fallen below $102,400, and is currently trading at around $103,213, down about 1.2%.

Ethereum (ETH) has also declined to around $2,478, down nearly 3.5%.

Other major cryptocurrencies have seen declines of up to 7%.

Main reason:

A sense of caution and wait-and-see in the markets before the release of U.S. inflation data.

Investors expect that higher-than-expected inflation data could push the Federal Reserve towards tightening monetary policy, negatively affecting riskier assets such as cryptocurrencies.