Bitcoin Below $80,000, Ethereum, XRP, Dogecoin Slide As Hot PPI Data Hits Rate Cut Hopes

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Bitcoin trades below $80,000 on Thursday morning as hotter-than-expected U.S. producer inflation data weakened expectations for near-term Federal Reserve rate cuts.

Bitcoin ETFs saw $635.2 million in net outflows on Wednesday, while Ethereum ETFs reported $36.3 million in net outflows.    


Cryptocurrency

Ticker

Price
Bitcoin (CRYPTO: BTC) $79,590.77
Ethereum (CRYPTO: ETH) $2,259.62
Solana (CRYPTO: SOL) $90.93
XRP (CRYPTO: XRP) $1.43
Dogecoin (CRYPTO: DOGE) $0.1134
Shiba Inu (CRYPTO: SHIB) $0.056266

Meme coin market capitalization …

Full story available on Benzinga.com

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