Major cryptocurrencies experienced slight declines on Wednesday as investors anticipated a U.S. House vote on a funding bill to prevent a government shutdown and awaited key inflation data. Bitcoin (BTC) and Ethereum (ETH) both dropped by less than 1%, while altcoins such as XRP, BNB, and Solana (SOL) also saw decreases. Over $614 million in crypto positions were liquidated in the past 24 hours, with Bitcoin and Ethereum leading the losses.
Spot Bitcoin ETFs experienced $523 million in outflows on Tuesday, marking the second consecutive day of withdrawals. The U.S. House is scheduled to vote on the funding bill later today, with core CPI and PPI data releases expected on Thursday and Friday, respectively.
Crypto Markets Decline as U.S. House Vote and Inflation Data Loom
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
