๐จ CRYPTO MARKET ALERT: Bears Are Back! ๐ป
U.S. August PPI data came in hotter than expected, pushing market expectations for a September Fed rate hike toward 70%. ๐๐บ๐ธ
Crypto sectors reacted sharply:
๐ป PayFi: -4.36%
๐ป Layer2: -4.14%
๐ป Meme: -3.39%
๐ป DeFi: -2.87%
๐ป Layer1: -2.47%
๐ป CeFi: -1.26%
๐ BTC: -1.53% โ below $77K
๐ ETH: -0.40% โ below $2,500
Big movers ๐
๐ด ZEC: -11.60%
๐ด STRK: -8.16%
๐ด CC: -5.22%
๐ด ASTER: -5.17%
But not everything was red! ๐
๐ข RAY: +26.19%
๐ข Niu Lai: +42.86%
๐ข MARSCOIN: +18.95%
โ ๏ธ What this means:
Hot inflation data + higher rate-hike expectations = pressure on risk assets, including crypto.
Traders should watch Fed expectations, BTC support levels and upcoming macro data closely. ๐
๐ฅ Is this just a healthy correction or the start of a deeper crypto pullback?
#Crypto #Bitcoin #BTC #Ethereum #ETH #BinanceSquare
#CryptoNews
#Altcoins
#DeFi
U.S. August PPI data came in hotter than expected, pushing market expectations for a September Fed rate hike toward 70%. ๐๐บ๐ธ
Crypto sectors reacted sharply:
๐ป PayFi: -4.36%
๐ป Layer2: -4.14%
๐ป Meme: -3.39%
๐ป DeFi: -2.87%
๐ป Layer1: -2.47%
๐ป CeFi: -1.26%
๐ BTC: -1.53% โ below $77K
๐ ETH: -0.40% โ below $2,500
Big movers ๐
๐ด ZEC: -11.60%
๐ด STRK: -8.16%
๐ด CC: -5.22%
๐ด ASTER: -5.17%
But not everything was red! ๐
๐ข RAY: +26.19%
๐ข Niu Lai: +42.86%
๐ข MARSCOIN: +18.95%
โ ๏ธ What this means:
Hot inflation data + higher rate-hike expectations = pressure on risk assets, including crypto.
Traders should watch Fed expectations, BTC support levels and upcoming macro data closely. ๐
๐ฅ Is this just a healthy correction or the start of a deeper crypto pullback?
#Crypto #Bitcoin #BTC #Ethereum #ETH #BinanceSquare
#CryptoNews
#Altcoins
#DeFi