🚹CRYPTO PRICES 🔮#FALL AFTER đŸ‡ș🇾U.S. PPI DATA

đŸ”„Cryptos fell after stronger-than-expected U.S. wholesale inflation data reduced hopes for a Fed rate cut in September, FP Markets’ Aaron Hill says.

đŸ”„July’s producer price index rose 0.9% vs. a 0.2% forecast, reviving inflation fears and triggering a risk-off mood.

đŸ”„$BTC Bitcoin slid 3.5% to $118,638 from a record $124,480 overnight, while$ETH Ethereum fell 1.9% to $4,634 after hitting $4,788, its highest since Nov. 2021.