Crypto
Crypto Market Plunges 3% as Inflation Fears Take Hold
The crypto market cap fell to $2.71 trillion, down 3.0% over the past 24 hours.
Bitcoin held relatively steady at $77,285.98, also down 3.0%, but altcoins bore the brunt of today's selloff.
Ethereum dropped to $2,438.53, XRP fell to $1.36, and Solana slipped to exactly $100.00, all posting losses in the 3-5% range.
The catalyst for the selloff came from Washington, where US Producer Price Index data came in at 5.4%, above the 5.3% forecast and the highest reading in two months.