Crypto Market Plunges Ahead of U.S. CPI & PPI

Crypto Market Today (10th Feb 2025): BTC & Altcoins Tumble Ahead of the U.S. CPI & PPI

The crypto market is experiencing a downturn as investors and traders await the release of key U.S. economic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI). The market capitalization has dipped by 0.95% in the last 24 hours to $3.16 trillion, while trading volume surged by 34.33% to $99.25 billion. The Fear & Greed Index remains in the "Fear" zone at 35, indicating uncertainty in the market.

Bitcoin (BTC) has been relatively stable, trading at $97,119.34 with a marginal price decline of 0.04% since yesterday. Despite the dip, BTC's healthy trading volume of $33.15 billion suggests continued investor engagement. Meanwhile, Ethereum (ETH) has shed about 1.16% to change hands at $2,633.90. However, on-chain data highlights that the Ethereum accumulation has hit a record high of 330,705 ETH, worth about $883 million on February 7th.

Solana (SOL) and XRP have slipped, with SOL facing a notable 2.22% decline to $201.74 and XRP tumbling 3.67% to $2.39. In contrast, Litecoin (LTC) emerged as the biggest gainer, soaring by 5.96% to $113.47 in 24 hours. FET and INJ followed with gains of 2.98% and 2.71%, respectively. The biggest losers include Official Trump, which plunged 13.17% to $15.36, followed by DeXe dropping 11.85% to $19.39, and RAY falling 11.52% to $4.62.