The post Crypto Market Unstable Ahead Of US Inflation Report appeared first on Coinpedia Fintech News
Major cryptocurrencies experienced a significant decline in the last 24 hrs with memecoins like SHIB and DOGE leading the drop, each losing about 5%. XRP, Solana’s SOL, and BNB Chain’s BNB fell 2%. ETH which showed positive movement has dropped over 5% since Monday. The crypto markets are expected to remain unstable ahead of Friday’s U.S PCE inflation report which might affect Bitcoin’s price leading to further declines. Some analysts also predict a drop to as low as $60K.
