🚨 Crypto Bloodbath: XRP Plunges 6%, ETH Battles at $4.5K as Hot PPI Data Torches Markets | Aug 15, 2025
Wall Street's inflation fever hits crypto—again. The August PPI report just dropped like a lead balloon, sending digital assets into a tailspin. Here's the damage report.
XRP takes a nosedive
Ripple's token got wrecked in the sell-off, shedding 6% faster than a hedge fund manager dumps his "long-term hold" bags. Liquidation cascades hit leveraged positions as the SEC's favorite whipping boy underperforms yet again.
Ethereum's $4.5K fortress
ETH bulls dig trenches at the $4,500 support level—because nothing says "store of value" like 20% daily swings. The Merge 2.0 upgrade hype isn't dead yet, but it's wearing a ventilator after this macro gut punch.
Bonus burn: Traders now pricing in 99.9% chance Powell crushes markets at Jackson Hole—because clearly, the Fed loves nothing more than watching crypto degens sweat.