🚨 CPI just humbled the altcoins
September's US inflation came in at 3.7% year over year, and $ETH, $XRP and $SOL all took a hit. (tradingview)
📉 $ETH fell below $2,400, down nearly 5-6% on the day
📉 $XRP traded around $1.30-$1.31
📉 $SOL hovered around $101-$102
💥 About $972M was liquidated in 24 hours, mostly longs (Ethereum, XRP and Solana slide as hot inflation data rattles crypto — TradingView News +3)
Nothing broke on-chain. This was macro, not crypto. Rate-hike fears hit risk appetite everywhere, and over-leveraged longs paid for it.
One detail worth watching: XRP ETFs reportedly bucked the outflow trend while Bitcoin and Ethereum spot ETFs both saw outflows on Oct 14. (coinmarketcap) (tradingview)
Panic, or a setup? Drop your take 👇
Not financial advice.
#ETH #XRP #SOL #CPI #CryptoNews #BinanceSquare
September's US inflation came in at 3.7% year over year, and $ETH, $XRP and $SOL all took a hit. (tradingview)
📉 $ETH fell below $2,400, down nearly 5-6% on the day
📉 $XRP traded around $1.30-$1.31
📉 $SOL hovered around $101-$102
💥 About $972M was liquidated in 24 hours, mostly longs (Ethereum, XRP and Solana slide as hot inflation data rattles crypto — TradingView News +3)
Nothing broke on-chain. This was macro, not crypto. Rate-hike fears hit risk appetite everywhere, and over-leveraged longs paid for it.
One detail worth watching: XRP ETFs reportedly bucked the outflow trend while Bitcoin and Ethereum spot ETFs both saw outflows on Oct 14. (coinmarketcap) (tradingview)
Panic, or a setup? Drop your take 👇
Not financial advice.
#ETH #XRP #SOL #CPI #CryptoNews #BinanceSquare