Cryptocurrency prices face increasing selling pressure on Tuesday, with Bitcoin (BTC) trading below $75,000, Ethereum (ETH) edging lower toward $2,100, and Ripple (XRP) hovering beneath the immediate $1.10 cap.
US CPI data in focus amid fading risk appetiteÂ
Interest in crypto-related digital investment products has taken a persistent back seat, with the Fear & Greed Index at 32 in the Fear territory on Tuesday, up slightly from 29 in the same range the previous day. More broadly, the index has corrected from 61 in the Greed territory last month, reinforcing risk-off sentiment.
The broader crypto market looks ahead to the United States (US) Consumer Price Index (CPI) report, which the Bureau…
