Cryptocurrencies are broadly lower, with the CoinDesk 20 Index down 5% over the past 24 hours and every constituent token showing losses.
Futures markets are witnessing continued capital outflows, while traders maintain defensive positions through put options on Bitcoin ($109,417) and Ether ($4,023) on Deribit, signaling cautious sentiment.
All eyes are on Friday’s U.S. core PCE report, the Federal Reserve’s preferred gauge of inflation. A hotter-than-expected reading could add volatility to crypto and wider financial markets, as investors weigh the potential impact on monetary policy.
