Crypto Market Selloff: Here's Why Crypto Prices Falling Sharply
ETH, XRP, and SOL Leads Crypto Market Selloff Talking about the performance, ETH price was down 2% in the last 24 hours to $1,591.73. XRP price and SOL were changing hands at $0.4765 and $17.68, down 4.72% and 3.84%, respectively. advertisement The year 2023 gave a fresh perspective to the investors initially, and several crypto enthusiasts started regaining confidence in the market. However, the still-high inflation and its potential impact on liquidity have negatively impacted the market sentiments. Additionally, the U.S. Federal Reserve is expected to release the CPI and PPI data this week, which are core indicators of inflation. Although many are hoping that the Fed is done with its aggressive rate hike policy, the investors seem to be walking cautiously. On the other hand, the European Central Bank will also unveil its plan for a rate hike this Thursday. Considering all these aspects, this week marks a crucial week for the global financial markets, let alone ...