Markets· ★★★★· bearish·

Crypto Market Falls 3% as Inflation Fears and ETF Outflows Weigh

  • —Crypto market cap fell 3% to $2.71 trillion, BTC below $81,000
  • —US annual inflation rose to 3.7% from 3.4% in August
  • —South Korea's KOSPI plunged nearly 8%, Japan's Nikkei fell 5%
  • —Bitcoin and Ethereum ETFs saw $391 million in net outflows
Why it matters: Rising inflation strengthens expectations of another Fed rate hike, pressuring risk assets and potentially prolonging crypto ETF outflows.
#BTC#ETH#XRP
Source: CoinGape
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