Crypto Markets Slide as Traders Weigh Inflation Data, Trump Trade Moves
BTC dips after week-long rally, as inflation and trade tensions weigh on investor sentiment.
Cryptocurrency markets fell Tuesday, July 15, as investors weighed fresh U.S. core Consumer Price Index (CPI) inflation data, while also digesting new trade measures from President Donald Trump.
Bitcoin (BTC) is currently trading at $116,400, down 3% on the day. This drop follows a week-long rally that saw BTC set a new all-time high of $122,800 on Monday, July 14.
Ethereum (ETH), on the other hand, is mostly flat today, dropping less than 1% and continuing to trade above the $3,000 mark. Meanwhile, XRP and Solana (SOL) are both down about 2% to trade at $2.89 and $159, respectively.
Total crypto market…
