[Bitcoin sell-off intensifies after hot US inflation report rattles stocks, crypto]
Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders.

<p><img src="https://static.fwimg.io/img/1px.png" alt="Bitcoin sell-off intensifies after hot US inflation report rattles stocks, crypto"></p><p>Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders.</p>

Bitcoin sell-off intensifies after hot US inflation report rattles stocks, crypto

Inflation at wholesale level in the U.S. in July sped up far beyond economist forecasts, calling into question expectations for lower interest rates.

Crypto Prices Quickly Slide After Troubling U.S. PPI Report

By Shaw, Jinse Finance

Bitcoin surged strongly in the early morning today, briefly breaking through $124,400 and setting a new record, surpassing the previous all-time high of $123,205.12 on July 14th. The crypto market generally rose, with Ethereum continuing to strengthen, having already reached its highest level since November 2021.

At the same time, the Nasdaq and S&P 500 continued to hit new closing highs. The "crypto newcomer" Bullish made its debut with an initial surge of nearly 200%, which subsequently sharply dropped to 89%.

This...

BTC hits new high again: driven by 4 major factors, is it about to reach $130,000?

The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 11...