Cryptocurrency markets are trading lower as overshooting producer price inflation stopped the altcoin rally.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $118,203.36 |
| Ethereum | (CRYPTO: ETH) | $4,562.59 |
| Solana | (CRYPTO: SOL) | $194.91 |
| XRP | (CRYPTO: XRP) | $3.09 |
| Dogecoin | (CRYPTO: DOGE) | $0.2247 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001293 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 4% and grew 18.7%, respectively in a single day. Daily active addresses grew 0.2% and 1.2%, respectively.
- Coinglass data shows 220,452 traders were liquidated in the past 24 hours for $1.05 billion.
- The top losers in the past 24 hours include Pudgy Penguins (CRYPTO: PENGU), SPX6900 (CRYPTO: SPX) and Virtuals Protocol (CRYPTO: VIRTUAL).
Notable Developments: