Crypto Market Downturn: PPI Data Triggers Broader Sell-Off
Following higher-than-expected U.S. PPI data, the crypto market slid: over 90 of the top 100 coins are in the red. Meme tokens were hit hardest, while ETH and BTC also suffered short-term pullbacks. However, institution-led ETF inflows remain robust.
Why watch: A reminder that macroeconomic indicators still strongly influence crypto volatility—even amid institutional backing.
