Crypto Market Update: Risk-Off Mood Prevails Ahead of U.S. PCE Data

The crypto market is firmly in the red, with the CoinDesk 20 Index down 5% over the past 24 hours and every constituent showing losses.

Major tokens continue to experience capital outflows from futures markets, while traders maintain a defensive stance through put options on Bitcoin ($109,417) and Ether ($4,023) on Deribit.

Attention now turns to Friday’s U.S. core PCE report, the Federal Reserve’s preferred gauge of inflation. Any signs of a tariff-driven uptick in price pressures could intensify volatility across crypto and broader financial markets.

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