🚨 Crypto Market Turns Red as Inflation Fears Trigger Altcoin Sell-Off 📉

The crypto market faced heavy selling pressure on Friday as the CoinDesk 20 Index dropped 2%, falling 44 points to 2,184. Most major assets traded in the red, with only $BNB managing to stay positive, posting a slight 0.4% gain.

$BTC declined 1.3%, but still held up better than most altcoins as investors shifted toward safer large-cap assets during the market pullback. Meanwhile, $SUI led the losses with a 6.8% drop, giving back part of its recent rally, while $ICP also slipped 5.9% after strong gains earlier this week.

The broader weakness comes after stronger-than-expected US inflation data increased market uncertainty. Rising CPI and PPI numbers have reduced risk appetite, putting extra pressure on high-volatility altcoins and signaling a more cautious mood across the crypto market.