Key Facts

  • The US Consumer Price Index rose 0.4% in October, above the 0.3% forecast and down from 0.6% in September, the Bureau of Labor Statistics said Tuesday.

  • Crypto's total market capitalization fell to about $2.46 trillion within hours of the report, with Ether, XRP, and Solana all declining more than Bitcoin.

  • The Crypto Fear and Greed Index slipped to 26 from 32 shortly before the release, as roughly $200 million in leveraged positions were liquidated in the hour after the data landed.

The US Consumer Price Index rose 0.4% in October, above the 0.3% forecast and down from 0.6% in September, the Bureau of Labor Statistics said Tuesday.

Crypto's total market capitalization fell to about $2.46 trillion within hours of the report, with Ether, XRP, and Solana all declining more than Bitcoin.

The Crypto Fear and Greed Index slipped to 26 from 32 shortly before the release, as roughly $200 million in leveraged positions were liquidated in the hour after the data landed.

The US Consumer Price Index rose 0.4% in October, above the 0.3% forecast and down from 0.6% in September, the Bureau of Labor Statistics reported Tuesday, broadly sending crypto prices lower within hours of the release.

Altcoins Decline More Than Bitcoin

CoinMarketCap data put Bitcoin around $73,734 by late morning UTC, down 1.19% over 24 hours. Ether fell harder, down 2.28% to $2,066, while XRP dropped 2.82% to $1.06 and Solana declined 2.92% to about $84.09, the steepest drop among the four.

Sentiment Reverses After Hotter Print

The Crypto Fear and Greed Index had ticked up to 32 from 29 in the hours before the report, still within "Fear" territory, according to CoinMarketCap. By late morning UTC, it had fallen back to 26.