Crypto Market Cap Falls by $133 Billion as Inflation Concerns Rise

TLDR Crypto market experienced $1 billion in liquidations as market cap drops to $3.98 trillion Bitcoin fell 3.59% to $119,098 after hitting ATH of $123,700, while Ethereum dropped 2.4% US Treasury Secretary Scott Bessent stated the government won’t buy Bitcoin for Strategic Reserve July PPI report showed unexpected 0.9% increase, signaling inflation concerns Ethereum led [...]

The post Crypto Market Cap Falls by $133 Billion as Inflation Concerns Rise appeared first on Blockonomi.