Crypto Markets Fragile amid $1B Liquidations Triggered by PPI Surprise
Bitcoin slips below $120,000 from new ATH above $124,000 as crypto markets see $1 billion in liquidations.
The cryptocurrency market is cooling slightly after its recent rally, with most large-cap crypto assets flat or moderately down over the past 24 hours. Total crypto market capitalization dipped 1.6% to $4.11 trillion, as traders digest today’s U.S. PPI report and the upcoming Trump-Putin meeting in Alaska.
Bitcoin (BTC) is trading near $118,600, down 2% on the day, after the largest cryptocurrency shortly set a new all-time high just above $124,000.
Ethereum (ETH) is flat today, but remains the week’s top performer, up 22% over the past seven days. The largest altcoin is currently trading…
