Crypto
Crypto Prices Take a Hit Ahead of Key Inflation Data Releases
Bitcoin and Ethereum prices have taken a hit ahead of crucial inflation data releases from the U.S. and key decisions by the European Central Bank.
The price of Bitcoin dropped by 1.75% to $79,599, while Ethereum fell by 2.45% to $2,455. Investors are bracing for potential Federal Reserve rate hikes and a likely increase in interest rates from the ECB.
Despite short-term selling pressure, institutional demand remains strong, with significant ETF inflows indicating continued confidence in cryptocurrencies.