Mars Finance News: According to CoinDesk, ahead of Friday's inflation data release, profit-taking continued in the cryptocurrency market, with Dogecoin and Ripple experiencing significant declines. Traders are closely monitoring the upcoming Core Personal Consumption Expenditures (PCE) data, a key inflation indicator for the Federal Reserve. Despite uncertainty, spot ETF inflows remain stable, with BlackRock's IBIT achieving net inflows for 30 consecutive days. QCP noted a divergence between digital assets and traditional tech stocks, and while cryptocurrencies have maintained solid momentum, fund flows into products like the TQQQ Nasdaq ETF have become cautious.
Cryptocurrency profit-taking, Dogecoin and Ripple fall, market focuses on Friday's inflation data
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




