Crypto Rally Stalls as Market Awaits Key US Inflation Data
Market Overview
The crypto market capitalisation fell below the $4 trillion mark, down 1.8% over the last day. failed to stay above $120K, ’s growth stalled at $4300, and many major altcoins have seen declines in the last couple of days.
Bitcoin closed Monday near its opening levels, losing nearly 3% of its 3.5% jump at the start of the day to $119K. There are fears of a repeat of the situation we saw in July, when a promising breakthrough turned into an exhausting sideways movement and rattled nerves with a decline in the first days of August. We attribute the BTC pullback to the cautious mood of major players ahead of US data released later on Tuesday.
Ethereum is holding steady at the top at nearly $4300, indicating an optimistic…
