Crypto Market Cap Falls to $2.61 Trillion Amid Rate Hike Fears
Total crypto market cap dropped to $2.61T, down 2.6% from yesterday’s peak after US PPI inflation jumped to 6% — the highest in 3 years.
Markets are now pricing in possible Fed rate hikes again, triggering risk-off sentiment across crypto.
🔻 BTC: $79.2K (-2.5%)
🔻 TON: -28% from recent highs
High inflation continues to pressure risk assets. 📉
#BTC #USPPI
Total crypto market cap dropped to $2.61T, down 2.6% from yesterday’s peak after US PPI inflation jumped to 6% — the highest in 3 years.
Markets are now pricing in possible Fed rate hikes again, triggering risk-off sentiment across crypto.
🔻 BTC: $79.2K (-2.5%)
🔻 TON: -28% from recent highs
High inflation continues to pressure risk assets. 📉
#BTC #USPPI