The crypto market moved lower on Thursday as hotter-than-expected U.S. inflation data, heavy Bitcoin ETF outflows, and rising macroeconomic uncertainty pressured investor sentiment.
Summary
- The crypto market fell 1.6% as hotter-than-expected U.S. inflation data fueled fears of prolonged high interest rates.
- Bitcoin dropped below the key $80,000 level while Ethereum, Solana, XRP, and other major altcoins posted losses between 2% and 6%.
- Spot Bitcoin ETFs recorded roughly $635 million in net outflows as rising oil prices and geopolitical uncertainty further pressured risk sentiment.
The total crypto market capitalization dropped roughly 1.6% over the past 24 hours to…
