Risk markets pulled back on the latest inflation data, with $BTC down over 4% at $118,314 and $ETH also down over 4% at $4,547. Bitcoin dominance is at 59.61%.
The July PPI print came in at 3.3%, exceeding expectations of 2.5%, while the previous value was revised from 2.3% to 2.4%. The annual print marked the highest level since February while the monthly rate of 0.9% was the largest increase since June 2022.
A few other headlines from the past 24 hours include: the SEC has delayed decisions on the Solana ETFs from Bitwise and 21Shares to October; the US Justice Department unsealed a warrant to seize millions in crypto tied to ransomware proceeds.
During the last 24 hours, the top three gainers were $HASH, $KCS, and $SAROS, while the top three losers were $EIGEN, $MOG, and $ETHFI.
