Crypto Market Liquidation Erupts As July US PPI Data Surge Hits
The cryptocurrency market faced significant liquidations following the release of unexpectedly high July Producer Price Index (PPI) data from the US. The inflationary surge rattled investors, triggering widespread sell-offs across digital assets.
Market reactions were immediate and severe, with Leveraged positions being rapidly unwound. The data suggests persistent inflationary pressures may delay anticipated Federal Reserve rate cuts, creating headwinds for risk assets including cryptocurrencies.