Latest Crypto News, August 15 – Why Is Crypto Down Today? U.S. July PPI Surges, Triggers Crypto Market Sell-Off: Best Crypto To Buy During This Dip?
Let’s try to answer why the crypto market is down today. Yesterday, the U.S. Producer Price Index (PPI) for July rose 0.9% month-over-month and 3.3% year-over-year, far above forecasts of 0.2% and 2.5%. It was the largest monthly jump since June 2022, fueled by rising service costs in machinery wholesaling, portfolio fees, hospitality, and freight, … Read more