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Forex

Bitcoin, Ethereum Prices Plummet Ahead of Key Inflation Data

Guavy AI Editorial Team
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EUR USD
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Bitcoin and Ethereum prices fell in anticipation of key U.S. inflation data and European Central Bank rate decisions.

The drop saw Bitcoin decline by 1.75% to $79,599 and Ethereum fall by 2.45% to $2,455.

Investors are wary of a possible Federal Reserve rate hike and a likely ECB increase, which could further impact crypto prices.

Despite short-term selling pressure, institutional demand remains strong with significant ETF inflows.

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