The crypto market experienced a 3% decline in the past 24 hours, with Dogecoin (DOGE) leading the slide at a 4.5% drop. Bitcoin (BTC) fell by 1.3%, while major cryptocurrencies like Ether (ETH), Solana (SOL), Cardano (ADA), and XRP saw losses up to 3%. Amidst this, BNB Chain’s BNB rose by 1%. The CoinDesk 20 (CD20) index, which tracks the largest tokens by market cap, decreased by 2.5%. Investors are closely watching the U.S. consumer price index (CPI) expected to rise by 0.3% monthly and 2.9% annually, potentially influencing the Federal Reserve’s interest rate decisions in 2025. This data could impact the dollar’s value, possibly boosting crypto prices if rates are cut. However, the market’s thin liquidity and recent large-scale liquidations suggest caution among traders.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
