Bitcoin, Ethereum, XRP Plunge as US PPI Surges to 5.4%, Fed Rate‑Hike Odds Hit 74%
Bitcoin, Ethereum, and XRP extended their losing streak on Thursday after fresh U.S. inflation data fueled speculation that the Federal Reserve will raise interest rates at its upcoming policy meeting. The renewed sell-off across major cryptocurrencies highlights the asset class’s continued sensitivity to macroeconomic shifts and central bank signaling. Inflation Data Triggers Rate-Hike Bets The ...