Cryptocurrency markets are in a broad retreat, with the CoinDesk 20 Index falling 5% in the past 24 hours and all constituent tokens showing declines.
Futures markets are seeing continued capital outflows, and traders remain defensive, maintaining put options on Bitcoin ($109,417) and Ether ($4,023) via Deribit to hedge against further downside.
Market attention is now focused on Friday’s U.S. core PCE report, the Fed’s preferred measure of inflation. A higher-than-expected reading could fuel additional volatility across both crypto and broader financial markets.
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