According to CoinDesk, profit-taking continued in the cryptocurrency market ahead of Friday's inflation data, with Dogecoin and Ripple plunging.
Traders are closely watching the upcoming release of core personal consumption expenditure (PCE) data, a key measure of inflation by the Federal Reserve. Despite the uncertainty, inflows into spot ETFs remained steady, with BlackRock's IBIT posting net inflows for 30 consecutive days.
The QCP pointed out that there is a divide between digital assets and traditional technology stocks, and while cryptocurrencies have maintained a solid momentum, the flow of funds on products such as the TQQQ Nasdaq ETF has become cautious.
Cryptocurrency profit-taking continues, Dogecoin and Ripple plunge, markets focus on Friday's inflation data
2025-05-27 07:21:21
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